Over 6.5% and climbing. China is unwinding as we speak, exporting its deflation to the rest of the world. In a few months that will start to have tangible effects in the US labor market. Or rather, the destruction in commodities has already hurt Americans in states like North Dakota and Oklahoma, but those jobs losses have so far been papered over by growth in the part-time bullsh**t economy. That won't last for much longer.
I doubt it. Maybe 5.75%-6.25%, but that's a high estimate. It's currently 5%, and that's a very drastic change.