Except that inflation has gone down as fast as it went up. The Fed has paused rate increases to see if what they have already done is enough. The talk of lowering rates is because the Fed doesn't want to overshoot on the way down.
The rate of inflation is still about 50% higher than their stated objective. They want to pause to review like you mentioned in an attempt to nail the soft landing, but there is legitimate concern that inflation will remain too high and the Fed is going to break things in their search for 2%.
Inflation is the rate of change of prices. In calculus terms, it's the first derivative of price. (I'm not sure what you mean by "the rate of inflation growth." Do you mean the second derivative of price, maybe?)
Inflation has gone down in the US. The last few months, if you extrapolate them to an annual rate, would (I think) be between 2 and 3%, which is the Fed's normal target.
Unfortunately, some of the recent price increases may stick. However, the US has seen strong wage growth, and many areas have high demand for labor. I've seen a surprising number of businesses with 1/4th of their usual positions open.
It's a good time to apply to better-paying jobs. Not so much in the tech industry, but in other industries.
On the other hand, with rates as high as they are, it's an awful time to buy a house or a car using a loan.
Yes, my mistake. I meant the effects of inflated prices. When people say inflation is dropping they sometimes confuse that with prices going down instead of the rate of inflation simply slowing.
