The inflation fight is essentially over—that's the takeaway from recent central bank commentary. According to key officials, unless something truly unexpected happens, the possibility of rate hikes in 2026 is little more than wishful thinking. This marks a significant shift in monetary policy stance, signaling that the era of aggressive tightening has passed. For markets paying attention, the implication is clear: near-term rate pressure is off the table. The focus now pivots to how central banks manage the transition from restrictive policy to potentially lower rates. For those tracking macro trends and their spillover effects on asset classes, this represents a crucial inflection point in the economic cycle.