According to Mihir (@RhythmicAnalyst), the analysis of the last 60 years of US inflation using Core PCE data highlights two significant periods: the 1970s, marked as the worst inflationary period, and the current trend. The red rectangle in Mihir's analysis signifies the 1970s, while the blue rectangle represents the present inflation trend. This visualization aids traders in understanding historical and current inflationary pressures, impacting interest rate expectations and market sentiment. Source: Mihir (@RhythmicAnalyst).