If the Washington printing presses don't slow down and the Federal spending isn't paused Inflation will continue.
Since the political will isn't there to do this, hold on to your hats.
“No signs of peak inflation = tougher Federal Reserve on interest rates”
Seems to me if retailers such as Walmart and Target are missing their targets that means that sales/demand is coming down and wouldn’t that mean that prices would also have to start coming down? Especially if inventories are going up?
Isn’t that a sign that inflation may have already peaked?
The market seem to be weighing more the poor performance of these companies than the fact that those poor performance is an indication that inflation has peaked and that the higher interest rates are doing their job.
It’s going to take several crappy quarterly reports (and some pain and layoffs) for that reality to sink in, and then the fed will also notice that and it will start easing interest rates. That’s when the market will start turninv around. JMHO.