This week showed us that prices are not going up, and therefore the threat of inflation is not there. The PPI was down .5% and down 1.1% since a year ago.
The CPI was down .2% from August and flat from a year ago. This means that the price consumers are paying is the same this year as it was last year.
Retail sales were only up .1% mostly because gas sales were lower. If we exclude gas then the retail sales would have been up .4%. Auto sales, restaurant, and clothing sales are higher, meaning people feel freer with their discretionary (non-vital items) spending.
All this to say that there is a glimmer of hope and no current threat of inflation.
And rates remain flat after yields coming out strong on Tuesday and losing steam on technical trading on Thursday. The Lord giveth and the Lord taketh away.