Why inflation may be yesterday's problem

Closelook@US Stock Markets

The headline CPI inflation rate was 3.7% y/y through September. The core rate for the CPI was higher at 4.1%. The headline and core CPI inflation rates, excluding shelter, were both 2.0% y/y during September.

Rent of shelter accounts for 34.7% and 43.6% of the headline and core CPI measures. Its inflation rate jumped from a low of 1.5% in February 2021 t…