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Peak Inflation Is Never Truly Here

Peak Inflation Is Never Truly Here

The most recent release of the Consumer Price Index (CPI) showed good news - good news for the Federal Reserve, good news for the consumer, and good news for the U.S. economy. The July read of the CPI fell on a year-over-year basis from 9.1% to 8.5% and, more importantly, was flat on a month-over-month basis. The July read is the first that did not show a month-over-month increase since the May 2020 report, when we had a decrease of 0.1%.