With the M2 money supply seeing its largest declines since the Great Depression, inflation has declined significantly & is set to fall further in June. Let's breakdown the key price categories, and then outline what it means for Fed policy in li 

It's hard to make it any clearer than this: US CPI inflation has gone practically NOWHERE for the past 6 months. The Fed is continuing to tighten based on what happened 6-12 months ago! As high comparables roll off in 1H23, DEFLATION will become th