Not much comment on the US CPI 6% is better than 9%.

But isn't the Federal Reserve doing QE to bailout bank depositors? Won't this add to inflation?

Or will crashing financial markets offset this by reducing the wealth effect.

Prediction, QE is a given therefore expect continued high inflation.

The pain brought on by central bank largess won't be through falling asset prices it will be through inflation. Maybe it will be both in which case everybody hurts.