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to the federal reserve that the central bank is succeeding in its fight against inflation. let s get the latest on this with our north america business correspondent michelle fleury in new york. some relief after the roses that the inflation is coming down. it some relief after the roses that the inflation is coming down. inflation is coming down. it was the tenth month inflation is coming down. it was the tenth month in inflation is coming down. it was the tenth month in a inflation is coming down. it was the tenth month in a row inflation is coming down. it was the tenth month in a row that inflation is coming down. it was the tenth month in a row that inflationl tenth month in a row that inflation was slowing down and people are looking at it as a sign that perhaps the worst of the inflation crisis is behind us. the problem we have is that the battle is yet to be one because typically if you look at the federal reserve 2% target at 4.9%, we are behind that ....
Of travel is moving in the right day and people are looking at it in the right way and the federal reserve is right way and the federal reserve is right to take a break after the last rate hike and see how it is tightening play out and it seems on these numbers that we ve seen over these numbers that we ve seen over the last few months that things are responding to the tightening cycle. ole gunnar solksjaer say the fed might waitand ole gunnar solksjaer say the fed might wait and see and see how the filters come through it but it takes time for it to happen and it s not an immediate response. when you announce rate hikes part of it is psychological and you see a visceral reaction to the news that cost is going to be more, but it filters through the mortgages and what it does to the housing market whether it is businesses holding back on investments they might have made ....