Maybe, but I'd be cautious about singing victory too soon. Since the pandemic, so many macroeconomic forecasts have been proven wrong (from "the sky is falling!

Maybe, but I'd be cautious about singing victory too soon. Since the pandemic, so many macroeconomic forecasts have been proven wrong (from "the sky is falling!" to "everything is great!") that I've become very skeptical of current forecasts. In the past, there have been periods during which inflation has seemed to be under control, but actually wasn't! For example, during the "stagflation" of the 1970's, the inflation rate (w/o food an energy) dropped down and seemed to be under control -- twice -- only to jump back up again each time: https://fred.stlouisfed.org/graph/fredgraph.png?g=1kT7i https://fred.stlouisfed.org/graph/fredgraph.png?g=1kT7i Getting inflation under control has proven very difficult in the past. It took three long years of rising interest rates to end the inflation of the 1970's for good. Paul Volcker at the Fed had to raise interest rate to nearly 20% to accomplish it.[a] The 10-year treasury rate hit almost 16%.[b] It was very painful for a lot of people. I think the right mindset right now is to "wait and see." And make sure you have a contingency plan! --- [a] https://fred.stlouisfed.org/graph/fredgraph.png?g=1mM6j https://fred.stlouisfed.org/graph/fredgraph.png?g=1mM6j [b] https://fred.stlouisfed.org/graph/fredgraph.png?g=1mM6m https://fred.stlouisfed.org/graph/fredgraph.png?g=1mM6m