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Joe Duarte's avatar

As I say in my weekly Smart Money commentary: Expect the unexpected. There are no coincidences. Just events.

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Joe Duarte's avatar

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!

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The Macro Butler's avatar

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...

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