But will Putin do that? Anyone's guess.
Will Powell raise rates like that? Gas here has dropped 64 cents from 5.49 to 4.85, (over 11.5%). Cali not so much but u get ripped off on everything. The rest of us r getting a good drop, and the rise in gas tax was not that much for ya all. When is the last time gas dropped before a major holiday? Look at the price of oil and gas co stocks. I'm in no hurry to fill up my tank.
Newsom did suspend the diesel tax. That alone is going to help shipping costs as all the truckers loading up in Cali have to pay that to be on their way.
London Broil is under $2 a pound here. When is the last time we've seen a price like that, even in AZ? Years. Meat guy told me they have a ton of it. Waiting for buck a dozen eggs (in AZ, we might see it even lower) and low priced chicken again to stock up on those. Look at wheat futures. Completely gave up the entire gain since Ukraine and do we have more supply? No, just lower prices.
And then there is houses. USC can tell us if traffic is up with rates down. Seasonally it's a slowdown in most years because it's too late to get thru escrow and the kids in school, but I don't really see prices going up. Builders don't like to lower prices, but the fact of the matter is their supply costs are going down. Lumber, copper, etc. They can maintain their current base prices and reduce their prices thru negotiation of upgrades and still make money. Next home developments magically have a lower price per sq foot to start with.
When I look at the breakdown in bond yields and oil, it makes me think somehow inflation is slain.