I think you may be right on the money. I read Bloomberg most days, and there's a through-line in a lot of their reporting on inflation of a "soft landing" to t

I think you may be right on the money. I read Bloomberg most days, and there's a through-line in a lot of their reporting on inflation of a "soft landing" to the inflation problem. What exactly this means seems to vary, although it is intended to mean something along the lines of "inflation goes back down without hurting the rest of the economy" for different ideas about what "hurting the economy" means. The stock market seems to like the idea that we may have a "soft landing" scenario on our hands. Still, you may view this as investor optimism.