Photo: A worker pulls boxes of donated food from warehouse shelves at the Dare to Care Food Bank in Louisville, Kentucky, on June 16, 2022. Photographer: Luke Sharrett/Bloomberg A worker pulls boxes of donated food from warehouse shelves at the Dare to Care Food Bank in Louisville, Kentucky, on June 16, 2022. Photographer: Luke Sharrett/Bloomberg

The question that obsessed financial markets last year was when and where U.S. inflation would peak. The 2023 version will likely be how far—and how fast—it will come down.

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