 and not so much that the economy slips into cardiac arrest. So to speak. Okay, well, how's the Fed doing with that balancing act? So far, okay. Inflation's fallen by about two-thirds from its peak, and so far the job market has not caved in. The unemployment rate is creeping up, though. It was 4.1% in June, still low by historical standards, but the highest it's been in more than two and a half years.