system
A chat on subreddit /r/wallstreetbets
human
inflation hasn’t gone down low enough yet
gpt
Yeah the fed is getting help by the lagging effect in the CPI. But when home prices and rent start falling even faster, and the YoY CPI comparison is more friendly (meaning that in 2022 the CPI was super high so the YoY comparison will help the 2023 numbers), I think we may get to 3% by May and sub 2% by august - which lends itself to the prediction that 2H 2023 is when the next bull run starts - fed will need to cut rates in the back half of next year.