The latest figures show that inflation has been "tamed." In fact, they signal that deflation may be looming. Hard to tell – because the std economic models are broken.
Latest government data estimates April 2023 CPI inflation at 4.7% an 18-month low due to a base effect. March inflation figure was revised lower to 5.6%, bringing the retail inflation within RBI’s comfort zone of 4%(+/-2%) for two consecutive months. , Economy News, Times Now
How Will the Fed React to the Latest Inflation, Jobs Data? The latest data shows a cooling economy, but problems lie ahead. The Fed will raise rates by at…