The best period for inflation to fall back is a thing of the past, and the Fed can't afford to be more aggressive

According to Golden Ten News, Peter Cardillo, chief market economist at Spartan Capital Securities in New York: the inflation numbers are hotter than we were expecting, and perhaps the process of bringing inflation back down is stalling, and we shouldn't expect to see a decline in inflation over the next two or three months. The annual rate of core inflation is on the rise, which is disappointing. It's not terrible news, but it's certainly not good news, and it just suggests that the best period for inflation to fall back may be behind us in the coming months. It also suggests that the Fed won't be as aggressive as previously thought, and that it will probably only cut rates once between now and the end of the year, and in December, because the Fed will take its time.