“Inflation in the US has cooled for a seventh month in a row, but prices continue to rise far more quickly than is considered healthy.”
How should one interpret this? The overall inflation rate is going down, but inflation is still too high?
I am a layman. What is the solution? More rate hikes? If borrowing costs are already so high (to buy a house for instance), then why isn’t inflation coming down even more and faster? Does it mean buyers still have too much cash or are too willing to borrow or risk even with high rates?
How should one interpret this? The overall inflation rate is going down, but inflation is still too high?
I am a layman. What is the solution? More rate hikes? If borrowing costs are already so high (to buy a house for instance), then why isn’t inflation coming down even more and faster? Does it mean buyers still have too much cash or are too willing to borrow or risk even with high rates?
Disclaimer: wrote this post with help chatgpt.