By Ellen Chang Inflation is now on a downward trend in 2022. The economy could be past peak inflation rates as some supply chain constraints have eased and demand has declined, said Rick Rieder, chief investment officer of global fixed income at BlackRock. “Throughout the pandemic, strong disposable#income and limited services spending fueled consumer #spending on goods and high goods volumes created #bottlenecks and extreme #inflation,” he wrote on Twitter on May 2. “Eventually, excessively easy #MonetaryPolicy caused this robust #inflation to broaden into less disrupted categories.” Both cor…