Tomas Hirst on the State of ECB Policy and the Eurozone Economy
Macro Musings with David Beckworth
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Energy Prices Are Coming Down, Right?
Even the ECB says in their statements and their speeches that most of what we're seeing is energy driven supply side driven, right? And we've already seen energy prices are coming down. Like you can look at your Bloomberg terminal today. You can see that they've already fallen. So my best guess is that by two queue next year, headline inflation is going to be on a very dramatic downward trend as the food and energy costs start to roll through some of the high prints of 2022. That will pick up momentum as the year goes on. A sort of now cast estimate puts us at around 3% year on year by tail end of next year. And that's if the ECB does effectively
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