5min chapter

The Macro Trading Floor cover image

The Real Stress Is Not In The US, But Elsewhere | Brent Donnelly

The Macro Trading Floor

CHAPTER

Introduction

Alfred says we've seen a crossing on the charts between goods inflation and services inflation in cold terms. Services are more sticky by nature, so I would expect the service trend to continue basically. The recession we will be facing in 2023 will inevitably bring inflation down like it did in all 14 instances of every recession in the US over the last 100 years. And today you already have many Fed members going to the wire and making sure that they're not loosening financial conditions ahead of this year's election.

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