Quote:
Originally Posted by blankall
We're still seeing major supply chain issues.
For example, I can't find a vehicle and I'm on a waitlist for one to be shipped in. There was almost no room to negotiate the price down. It was take it at our price, or someone else will.
It took me months to order the necessary parts for my furnace. The cost of the technician was through the roof, and I had not choice but to pay him. Same thing when my drain go clogged. There were so few workers with the necessary equipment to unclog it.
On top of that, all sorts of global issues are influencing fuel prices.
I do think we are nearing the end of what interest rates can do to influence inflation.
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Pretty sure the vehicle thing is exactly what the interest rates are trying to influence. There was supply issues with chips but that is quickly fading as many electronics (PCs, etc) markets are being hit hard already. Companies are trying to catch up to the backlog from past supply issues, but raising interest rates also lowers the demand.
https://europe.autonews.com/automake...023-some-risks
Barring another world changing event - inflation will be back to normal at the schedule opendoor posts above. Just looking at the container rates to ship from Asia to North America - they are down to basically pre-pandemic rates after increasing like 500% from 2020-2022.