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The so-called Wall Street economists keep saying that inflation is going to abruptly cool. This prospect is owing to the fact, they claim, that the economy is about to roll-over into recession and especially because shelter costs, which are by far the largest component of the CPI and account for 31%...

The so-called Wall Street economists keep saying that inflation is going to abruptly cool. This prospect is owing to the fact, they claim, that the economy is about to roll-over into recession and especially because shelter costs, which are by far the largest component of the CPI and account for 31% of the weight in the index, are already falling sharply.

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