ECB’s Lagarde signals June rate cut w/2% inflation in sight.
Markets agree and price in 97bps cut for 2024. Source: Bloomberg, HolgerZ
According to latest Fund Manager Survey by BofA, nobody is expecting higher inflation
Source: TME
Supercore PCE MoM exploded, highest since Dec 2021
Source: www.zerohedge.com, Bloomberg
More evidence of a decline in US Inflation...
The PCE Price Index moved down to 2.4% in January, its lowest level since February 2021. Cycle peak was 7% in June 2022. Source: Charlie Bilello
France PPI YOY is the lowest since 2009...
Source: Bloomberg, Alessio Urban
House prices adjusted for inflation since 1975.
The charts for Canada, Australia, New Zealand, and the UK look like a s**tcoin during a pump. The Japanese real estate bubble of the 1990s is barely visible as a comparison... Source: Bloomberg, MacroAlf
US Inflation – Where It Is And Isn’t
Source : Yahoo Finance
Another look at yesterday's inflation report by MacroAlf.
This chart shows supercore inflation - a measure of sticky inflationary pressures Powell & Co often refer to: - It slowed down vertically towards ~3% until the end of last year - But since then it has now accelerated rapidly to 5.5%! Source: MacroAlf
