A recent decline in commodity prices was evidence that price pressures will cool as supply bottlenecks from reopening the economy are worked out and stimulus fails, maintaining that our concurrent inflation is temporary and would eventually move back to a 2 percent target.
Jerome Powell discusses inflation and commodity prices in relation to the economy.
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We do not take into account the fortunes of any political party or politician.
Part of that is due to the start-stop nature of the tariffs that have been introduced.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
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