> until we get a year of 8-9% months Why until then? I think it would be until we have reached one year past the Fed's decision to raise rates [enough to 'figh

> until we get a year of 8-9% months Why until then? I think it would be until we have reached one year past the Fed's decision to raise rates [enough to 'fight' inflation]. But that's just a guess, since their stated reason for raising rates is to fight inflation. The economy is too complex for me to understand, but I suppose that turning down the spigot of monetary stimulus should probably have its intended effect. As a side note, I still find it wild that we're talking about sub-2% rates as NOT stimulative. It really does seem analogous to drug abuse, where the user needs larger and larger amounts of the drug to feel its effects. Otherwise, yeah I think you're right, we'll see this for a while because these are all YoY comparisons, not MoM.