Inflation is already back down, which is why the Fed just lowered rates. What people don't understand is just because inflation is down, prices don't go down. Lowered inflation just means the rate at which prices increase has slowed to historically normal levels. Prices will not magically go back down to 2019 levels. The only thing that …
Inflation is already back down, which is why the Fed just lowered rates. What people don't understand is just because inflation is down, prices don't go down. Lowered inflation just means the rate at which prices increase has slowed to historically normal levels. Prices will not magically go back down to 2019 levels. The only thing that will bring prices down is a drop in demand, or new technologies, combined with competition, that allow (or force) companies to be more efficient, thus lowering the cost of production of their products or services.
Inflation is already back down, which is why the Fed just lowered rates. What people don't understand is just because inflation is down, prices don't go down. Lowered inflation just means the rate at which prices increase has slowed to historically normal levels. Prices will not magically go back down to 2019 levels. The only thing that will bring prices down is a drop in demand, or new technologies, combined with competition, that allow (or force) companies to be more efficient, thus lowering the cost of production of their products or services.