So did the fed really fix inflation or did the supply chain problem etc just fade out

Companies have adjusted. Chain is still fricked to a degree. Inflation is very much still here.

I haven't noticed anything getting cheaper. The baseline just moved up and it's likely permanent.

Most people are getting pretty fricked by the rates

Prices of everything has sucked for a long time now

quote:

---

That said I thought for sure that was going to send us into a recession and it looks like we may have avoided that.

---

Member when we actually went into a recession and Brandon got pumped full of Adderall, got on TV, said "That's not true, we are NOT in a recession", and nobody told him that the numbers that define a recession say we are?

I member.

how are the mortgage rates? Wages? Cost of everything? All seem to suck

quote:

---

Inflation is very much still here.

---

What does this even mean?

Prices never went back down. They do seem to have flattened out a little.
Just creating a new baseline before they raise them the next time.

Most prices aren’t going to go back down. Gasoline prices will always fluctuate but I think our refineries are producing at full capacity, so as long as demand stays high, so will prices.
If prices of all consumer goods decrease, that will mean a recession or depression. We really don’t want the CPI to go negative. I would like to see it down to 2% annually.

quote:

---

Being a Volker not a Greenspan guy, I just not a proponent of killing inflation at any cost. That said I thought for sure that was going to send us into a recession and it looks like we may have avoided that.

---

It's "Volcker" and no, we didn't avoid a recession.

Inflation hasn't been curbed. The rate of inflation has leveled off some, and only if you believe the numbers are accurate (they've been using the "lie and then revise later" tactic for quite some time now).

Prices are still higher than a giraffe's arse and likely will never come down. Consumers have signaled a willingness to use debt to maintain spending, so prices will remain sticky if not permanent.

"Crises take a lot longer to happen than you'd expect, but once they do, they occur at a much faster pace than you could ever think possible"...or something like that...