It seems as if, just as the housing shortage has become structural, so has inflation - at least in the practical sense, like grocery bills and rents, which is what most people deal with on a frequent basis. It may not get worse, but a tangible lowering isn't going to happen soon. Good summary!
Thanks. CPLie will hit 4-5% after November 5th as there will be no more reason to smoothen the data by then. All in all, NO RATE CUT in September and no rate cuts in 2024...
As I say in my weekly Smart Money commentary: Expect the unexpected. There are no coincidences. Just events.
It seems as if, just as the housing shortage has become structural, so has inflation - at least in the practical sense, like grocery bills and rents, which is what most people deal with on a frequent basis. It may not get worse, but a tangible lowering isn't going to happen soon. Good summary!
Thanks. CPLie will hit 4-5% after November 5th as there will be no more reason to smoothen the data by then. All in all, NO RATE CUT in September and no rate cuts in 2024...