Justin Wolfers: “Inflation has clearly peaked”; CPI at 7.1%

With the FOMC meeting just 2 days away, the Bureau of Labour Statistics released its much-awaited, final CPI print of the year. Overall inflation had eased to 7.1% YoY, from 7.7% in the previous month, coming in below economists’ polls of 7.3%. This was the lowest annualized reading this year, having peaked at 9.1% in […]