The U.S. dollar has declined nearly 10 percent in the last three months.

It’s hard to imagine deflation if this continues, since U.S. consumers will soon be paying more for imported goods.
Warsh Doubled Down On Jawboning Even As the Fed Fights Over Rate Hikes
Warsh’s War On Inflation Starts With Jawboning
From Sticky to Streaky, Inflation Looms Larger
Powell: Inflation Is Uncertain and the Forecasts Lack Conviction
Diesel Fuel Prices Surge Toward Levels Seen in the Last Two Inflation Shocks
The U.S. dollar has declined nearly 10 percent in the last three months.

It’s hard to imagine deflation if this continues, since U.S. consumers will soon be paying more for imported goods.