Inflation rates exceeding 5% continue to affect essential goods, with higher interest rates becoming the new normal as the fight against inflation continues.

This week, the Fed made it clear that they want core inflation down to 2% and that is not changing.

Meanwhile, supply-side inflation remains a major issue for the Fed.

Higher rates have become the new normal.

Follow us @KobeissiLetter for real time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) September 22, 2023