It's hard to remember, but this was actually the conventional wisdom among economists pre-Covid.

(http://www.autoadmit.com/thread.php?thread_id=5834238&forum_id=2#49667042)

ABC:

nflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.

Prices rose 2.4% in January compared to a year earlier, according to the Consumer Price Index.

Inflation stands at its lowest level since May, but it remains nearly a half-percentage point higher than the Fed’s target rate of 2%.

Affordability remains a concern for many Americans as the political calendar turns closer to election season.

White House press secretary Karoline Leavitt touted the inflation report in a post on X on Friday.

https://abcnews.com/Business/inflation-expected-cooled-january/story?id=130059514&cid=social_twitter_abcn

(http://www.autoadmit.com/thread.php?thread_id=5834238&forum_id=2#49669303)