Virtually every confidence indicator is on the rise and the threat of an imminent recession is falling while recent data show that inflation is nearing the Federal Reserve's goals set more than a year ago.
The overall inflation number reported last week was not what many wanted, as gasoline and food prices led it upward by 20 bps to 3.2%.
John Chang, research, Marcus & Millichap broke down the overall number in a recent video from his firm.
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