The Fed Recognizes the Pace of Inflation Has Cooled a Signal That It Could Be Nearing the End of Rate Increases

The BLS quietly revised the consumer price index higher for four of the past five months with only one month unchanged. The annual interest rate payment on government debt due to the interest rate increases is $850 billion in rising fashion. It's approaching because the deficit is growing faster than was projected, and it's now approaching $900 billion. This is a daily double from Mitch, by the way, a first of two daily doubles.