I'm also not an expert, but heck that's what the comments section is for. Hitting the Fed's target would require deflation. We would need to average -0.5% mont

I'm also not an expert, but heck that's what the comments section is for. Hitting the Fed's target would require deflation. We would need to average -0.5% month over month inflation for every month from now until the end of the year. (N.b., that's for the Fed's target, not the 5% mark in the comment you are responding to. 5% would be significantly easier, at the obvious cost of it being 5% YoY inflation.) > What is worst is that wages are increasing too My understanding from what I have read is that this is largely on the lower end. E.g., Amazon offering $15/h is driving those earning minimum wage up … but this is just pushing real minimum wage closer to its historic highs — which it is well beneath, so I don't think this should necessarily drive inflation. Price would go up not so much because labor costs, but because corporate greed wouldn't want labor capturing their fair share of the profit. Tech in particular has been article after article about layoffs, or how the VC money is stopping. (And this matches my experience as an "normal" IC eng: I've lost >10% of my salary since the start of the pandemic.) Even should inflation recover, then there is the problem of the higher interest rates for anyone in my age bracket who might like a mortgage some day. Housing market when.