I don't believe inflation is "under control" in the U.S.

All of the recently published charts, and most of the headlines, indicate that monetary inflation is "not a problem" at time in the United States.  Based on personal experience and our family finances and my doomscrolling of the internet, I flat out don't believe those data.

There is some justification to being skeptical, because the federal entities that monitor and report such data have been subject to the government shutdown.  This opinion from a NYT article:

The United States is a month into a government shutdown that has hobbled the nation’s statistical agencies and created the longest economic data blackout in history. The normally steady flow of government data on hiring, spending, wages, prices and other areas has slowed to a trickle, leaving economists to try to fill in the gaps using anecdotes and a mélange of incomplete and often contradictory indicators from private sources.

There is no good time to go without reliable data. But this might be a uniquely bad one. Job growth slowed sharply over the summer, leading to fears that the labor market could be taking a rapid turn for the worse. Such a development would most likely draw a swift response from officials at the Federal Reserve, who are responsible for maximizing employment while keeping inflation stable. But policymakers have no reliable way of knowing whether those trends continued into the fall, or perhaps reversed.

Tara Sinclair, an economist at George Washington University, likened the situation to driving down a road in a heavy fog... But the fog will get thicker from here. The statistical agency was able to release the September inflation report because the underlying data had been collected before the government shut down on Oct. 1. But it hasn’t collected any new data since then. The White House said last week that the government might not be able to release an October inflation report at all. Reports on the job market, consumer spending, manufacturing and other topics are also in jeopardy.

I can see no rational justification for the equity markets to be consistently hitting new all-time highs, largely based on expectations that artificial intelligence is going to supercharge the profitability of major corporations (NYSE chart; NASDAQ not dissimilar).

Full disclosure: I tend to be a "perma-bear" skeptical of rosy scenarios.  I have moved the majority of my savings out of equities into CDs etc, but that in part also reflects my advanced age.  YMMV.

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