By now, the Federal Reserve’s switch to monetary tightening, and higher interest rates to fight inflation, is old news. However, the latest update on inflation, released earlier this week, showed an annualized CPI rate of 4.9% for April, which indicated a month-over-month decline and marked the lowest level in two years. This is a welcome improvement from the 9% peak inflation hit last June. The cool-off in annualized inflation, and broad expectations that the Fed will use this data to justify p