Russell Investments strategist BeiChen Lin says the Fed’s fight against inflation appears to be nearing its end, even if victory isn’t complete yet. He argues that a more balanced labor market is cooling service inflation, tariff-driven inflation should fade in the second half of the year, and the weak U.S. housing market will also help cap price pressures. Lin expects inflation to remain low and manageable this year and next, even if U.S. growth stays around (or slightly above) trend.