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 AUSTIN — When assessments of the quasi-inflation of 2021-22 appeared in major US media outlets this month, the prognosis was good: The fever has receded and may already be gone. The latest reports on personal consumption expenditures were jubilant. If trends continue, “such a success would be likely to shape [US Federal Reserve Chair Jerome Powell’s] legacy”, noted Jeanna

 AUSTIN — When assessments of the quasi-inflation of 2021-22 appeared in major US media outlets this month, the prognosis was good: The fever has receded and may already be gone. The latest reports on personal consumption expenditures were jubilant. If trends continue, “such a success would be likely to shape [US Federal Reserve Chair Jerome Powell’s] legacy”, noted Jeanna

CNBC: "In the latest University of Michigan consumer sentiment survey released Friday, the one-year outlook for the inflation rate slid to 3.1%, down sharply from 4.5% in November and the lowest since March 2021.""The five-year outlook also moved lower, down to 2.8% from 3.2% the previous month.