CPI: 8-month low Core CPI: 5-year low 2025 Non-farm payrolls revision: -862,000 (worst since 2009) Large bankruptcies: Worst since 2009 Credit card delinquencies: Worst since 2011 Vacancy-to-unemployed ratio: Worst since pandemic Housing market buyers vs. sellers: Worst ever But according to the Fed, every aspect of the economy is strong, and the only concern is inflation.