Commentary 
When will inflation cool down and prices return to normal? Certainly not in the near term.
According to the most recent CPI numbers released from the Bureau of Labor Statistics, CNBC reported on July 13th: “Energy prices surged 7.5 percent on the month and were up 41.6 percent on a 12-month basis. The food index increased 1 percent, while shelter costs, which make up about one-third of the CPI, rose 0.6 percent for the month and were up 5.6 percent annually. This was the sixth straight month that food at home rose at least 1 percent.”
CNBC continued: “After the report, traders priced in virtual certainty that the Fed will increase its benchmark rate by three-quarters of a percentage point at the July and September meetings, with a one-third chance of a full-point increase at this month’s gathering.”…