The federal funds rate is now 3% and the Fed is now "neutral" with market rates (based on Treasury yields) and Louis expects that the Fed will be "data dependent" moving forward. The core rate of inflation has been falling every month since March. Louis expects big inflation declines in September and October, since a year ago, there were big inflation spikes, so the trailing 12-month inflation rate is expected to continue to decline as those monthly inflation spikes disappear from the government's annual calculations. Energy prices remain elevated as most of Europe strives to break away from Russian energy, but Louis is recommending many energy, fertilizer, food, and shipping stocks that are still profiting from inflation. Naturally, Louis will reveal his best A-rated stocks during the presentation.