The Federal Reserve has likely accomplished a "soft landing" for the economy by bringing down inflation without causing a recession. Inflation has been falling steadily since peaking at 9.1% in June 2021. Goods prices have fallen for 6 straight months and are now unchanged compared to a year ago. Housing and rental costs are growing more slowly. Wage growth has also cooled. Wholesale prices came in lower than expected recently, shifting some Fed officials' economic projections and forecasts for continued decline in inflation.