“…could mean that the recent decline in the real prices of oil, minerals, and agricultural products will persist.” https://www.project-syndicate.org/commentary/slower-growth-higher-interest-rates-lower-commodity-prices-by-jeffrey-frankel-2022-08?barrier=accesspaylog However, do not forget (from the FBR of Chicago): Durables had a larger inflation contribution in the U.S. than in ANY OTHER country in the OECD. “This strength in U.S. durable goods demand during the pandemic...