Surveillance: US July CPI with Dutta
Bloomberg Surveillance
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The Renaissance Macro: How the Fed Is Forecasting Inflation
David Kelly: We've sort of got a gathering disinflation in America. New car prices have basically been flat or down since the start of the year, he says. "Shelter is about 90% of the increase in CPI at this stage," writes Kelly. He believes inflation will get down to 2% on its own with or without any help from Fed.
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