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We got CPI inflation data last week and it came in a tiny bit hot, but nothing to worry about IMO.
Jerome Powell told us at the last fed meeting that we might see some inflationary pressure for the June and July CPI readings cause of tariffs bumping the price level a little.
But overall, this is just a little bump in the road and we will be fine IMO.
Little bumpy for the next few months, but it will trend back down is my thesis.