You keep saying that, but that's not what the data shows. It shows real wage growth is exceeding inflation. It's also starting to show deflation across several categories of goods.

It sucks your wages haven't kept up with inflation and maybe eggs at your grocery store aren't any cheaper, but the data shows that your experience isn't typical.

The typical experience is surprisingly good and getting better.

But things have changed, that's the point. While individual experiences vary, all the economic data this year has been pretty stellar.

Reducing inflation this fast without tanking the economy, and not just not tanking it, actually having pretty decent economic numbers is a major achievement.

When the Fed stated raising rates to curtail inflation almost everyone thought there was no way to do it without a recession, maybe a major one, and increasing unemployment 2-3X. The "soft landing" seemed like a naive hope. We're not all the way there yet but it looks like they actually did it. Inflation is almost down to targets and at the same time, unemployment is still low, GDP growth is good, real wage growth beats inflation, etc.

It's not all blowjobs and caviar for everyone but we were heading for a major disaster and it's been avoided.