DennyT wrote:
Thanks .looks like the rate hikes have ramped down demand as planed. It peaked in June according to your image.
Personally I not sure it was the fed but rather people coming out of p******c have now purchased what they put off and spending on things ( gas, theater, travel, …. ) they skipped and gone back to normal—- not splurging.
Easy, Democrat congress and Biden over spending caused the inflation disaster. Right now, it's the calm before the storm.