The fight against inflation is about to get really interesting.

Here are expectations for CPI inflation according to the Cleveland Fed:
- June 2023 (Reported): 3.0%
- July 2023: 3.4%
- August 2023: 4.1%
Inflation is set to begin rising again just as a Fed “pause” is expected.
This is why the Fed is leaving all possibilities on the table.
The fight against inflation continues.