CPI will hit 3.7 YoY in April.
And of course, the only way to have CPI < 3.0 is no drop in Sep.
Many years have 2 runs or 2 hiccups! (to try to bring inflation under control)
Hiccups where Oil and SPY drops:
- May-Jun
- Sep-Oct (this means no drop in September!)
After each hiccup, SPY and Oil rebound but the economy is left weakened.
Credit Flow Investor 