It’s possible that this does reflect a genuine drop off in inflationary pressures, but such a sudden stop, particularly in the more-persistent services components like rent of shelter is very unusual, at least outside of a recession,” he wrote in a note.
Treasury Secretary Scott Bessent echoed a similar tune, saying they believe “2026 will be a great year for growth, inflation, and the American people.”
“I think 2026 will be a great year for growth, inflation and the American people that the president work for everyday. It is because the affordability crisis under the Biden Administration, there are two parts here. There is price level and then there is the inflation rate. And the price level just got out of control during the disastrous four years of Biden,” Bessent said during an interview with Fox News host Laura Ingraham. Continue reading…
