So When Comes the Powell Pivot?
Real Vision: Finance & Investing
00:00
What a Rally We've Crossed Right About Everything Today
Core CPI print at 6.3%, that the goods component is the exact reason why we have a surprise to the downside of expectations for inflation. I think this is a natural consequence of an economic slowdown globally that we see this reaction in goods prices. If we look at the price of services, the trend is actually still intact. The most important component of service inflation is the rent of shelter costs.
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