The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics.His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll over.Everything else, Zandi believes, can stay the same.”CPI, the consumer price inflation, will go from something that’s now about a low of over 8% year-over-year to something close to half that of 4%,” the firm’s chief economist told CNBC’s “Fast Money” on Wednesday.The Bureau of Labor Statistics releases its September consumer price index on Thursday. Dow Jones is looking for a 0.3% month-over-month gain, up 8.1% year-over-year.”The real hard part is going to go from 4% back to down to the Fed’s target. And on CPI, the high end of that target is probably 2.5%,” Zandi said. “So, that last 150 basis points — 1.5 percentage points — that’s going to take a while because that goes to the inflation for services which goes back to wages and the labor market. That has to cool off, and that’s going to take some time.”Overall, Zandi believes the Federal Reser …
