Surveillance: Red-Hot Inflation (Podcast)
Bloomberg Surveillance
00:00
Are We Going to Have a Recession?
Services inflation excluding energy is running at more than double the average of the last business cycle. So it might be a bit of a fool's errand here to just assume that if creed oil prices back off, all of a sudden, we had seen peak inflation,. We now have an even higher print that is a new post 19 81 high. Is eight point six percent the high war high water mark? Or are we going to see even higher ahead? Pretty close to peak inflation on a year over a year basis?
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