Financial conditions continue to loosen (lower is looser). I think middle class savings drain via Gov deficit induced inflation is part of the high level plan - it's navigating the narrative that is tricky for the Fed Gov.  They can't be completely honest about it while we still have some semblance of a democracy remaining. For people willing and able to look at the actual numbers, the narrative of fighting inflation doesn't fit the statistical reality.

I had a short debate with ChatGPT on the topic of deficit spending and theft over the weekend.  It's a biased AI but I was able to get it to see my POV.

https://chat.openai.com/share/08aa907a-65d9-4862-957b-c667942660d6