CHART OF THE DAY: Inflation will hit the Fed's 2% target by April and keep falling, analyst says

• Inflation is poised to hit the Fed's long-term 2% target by April of next year, according to ING Economics.
• ING said falling oil, rent, and vehicle prices are set to drive a continued period of disinflation.
• The ongoing decline in inflation suggests that the Fed is done hiking interest rates.

Our Chart of the Day is from ING Economics, which shows that inflation is set to hit the Federal Reserve's long-term target of 2% by April of next year and fall below 2% not long after that.