Sometimes, children are afraid of the “monster” hiding under their bed – an honest fear but irrational.
Americans tend to be afraid of the inflation “monster” hiding in economic data – an honest fear but irrational.
Inflation has already dropped from 9% to 3%, but some expect inflation to drop smoothly and predictably.
Because inflation actually increased slightly last month, they are afraid inflation is exploding? NOPE!

Higher interest rates have never failed to curb inflation, so why worry now?
Of course, higher rates also slow GDP growth, but isn’t that just the temporary cost of killing inflation?

Wall Street likes dropping interest rates but doesn’t like delays in dropping those rates.
It was expecting a drop in March but was disappointed . . . so what . . . stocks dropped temporarily!
If you think it’s not nice to fool Mother Nature, it’s worse to fool Wall Street