Are We Close to Peak Inflation?

Are We Close to Peak Inflation?

Inflation is now approaching the chronic levels of the 1970s. The PCE Index, which is the Fed’s preferred measure of inflation, has hovered above 6% since June — just below the 6.85% average recorded between 1970 and 1980. Is this a sign that we are close to peak inflation, or are things about to get a lot worse? Presented by @cmegroup:

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