Surveillance: US July CPI with Dutta
Bloomberg Surveillance
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The Fed's Decline in Inflation
Inflation is symmetric. It actually looks like the Eiffel Tower goes up and comes down in exactly that pattern. We saw it in the 1970s, we're seeing it again now 40 years later. And so as we track this thing out, it's going to hit two on CPI and on core CPI by late next year. So I think you have to wait for that to play out. That leaves us in a low inflation, low inflation, slow growth economy.
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