There may be some initial or tenative signs inflation is trying to moderate a little. But these indicators may swing wildly before a clear trend is observable.
The only reason at all to be hopeful is that the Federal Reserve seems to be quite serious. They raised rates 3/4 of a point in June, the largest rate hike since 1994.
They are saying they intend to hike rates another 3/4 of a point in July.
The result of this so far is that commodity prices like gold, silver, copper, and oil are showing some weakness and may have topped out? It sort of
depends on how the volatility in the markets settles into place.
As the Fed continues to wage war on inflation w big hikes, the fear of a growth recession is going to cool the economy and inflation and commodities.
Watch copper and oil. If they are going down or stable at a lower level, the Fed may be catching up in its bid to crush inflation.
My thought is unless you have to, you may not want to buy primers at 125 plus. If inflation and the economy and metals and oil prices moderate, they could be back at $75 to $100 in a year.....who knows? But I think the key is to watch the tug of war between the FED and commodities......see who is winning and which way costs will go. I hope Gunbroker scammers selling primers over $200 all go broke.
Watch and see which way the wind blows.......there are some early signs
..but it will be like a roller coaster ride until the Fed catches up and passes inflation w hikes to crush it.
I believe they will because they know Venezuela is the alternative.
