📉 REAL INFLATION IN THE USA HAS ALREADY FALLEN — BUT ALMOST NO ONE NOTICED

Real-time inflation in the USA is already at ~1.6% (Truflation), while the official CPI/BLS data still shows 2.7%.

This lag matters a lot.

The official CPI looks to the past.

Truflation measures prices in real-time.

Historically, Truflation anticipates the movement of the CPI. In 2021, it warned before the inflation explosion. Now, it signals the opposite: inflation has already fallen below the Fed's target.

At the same time:

• Economy slowing down

• ISM below 50

• Bankruptcies on the rise

Result: the Fed may be reacting to old data, while the market is already pricing in monetary easing in 2026, with interest rate cuts and more liquidity.

That’s why the narrative changes before the official data.

Markets look ahead. The Fed looks back.