Trickle down economics…

https://twitter.com/NorthmanTrader/status/1430847038112079874

https://twitter.com/NorthmanTrader/status/1430848105151406085

High Inflation Could Be Stickier Than Anticipated

U.S. inflation showed some cooling off in July after posting large gains in prior months. Consumer prices rose at their slowest monthly pace since February, providing some relief to those in the “transitory” camp, who hold that this bout of inflation isn’t a long-term phenomenon.