4min chapter

The Macro Trading Floor cover image

Debt, Demographics & Deflation Ahead | Raoul Pal

The Macro Trading Floor

CHAPTER

Is There a 20% Normal Catch-Up in Core Inflation?

One of the key components behind the SOT and RE acceleration of core inflation in the US has been the rent of shelter component. We are standing at a crossroads right now when it comes to that particular SOT component of the CPI index, he says. Andreas: There is a potential upside in core inflation from that component even though some other forward-looking indicators look rather grim or point to southfold of inflation.

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