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Message: <blockquote data-quote="fishtm2001" data-source="post: 5406390" data-attributes="member: 54375">"Core inflation is at 6% annualized rate the last six months. It is trending lower. Prior rate increases are still feeling their way through the market. As stated, the only high inflationary period the last 50 years was aided by huge increases in oil prices. The current situation no doubt was also aided by high oil costs but those have come down significantly. Continuing on the current rate path is simply not supported by data. Also, while 6% inflation is nothing to sneer at, it is still within a reasonable number so there is no reason to overreact."raoul</blockquote>