The easy part is over for disinflation as disinflationary base effects are behind us
The easy part is over for disinflation as disinflationary base effects are behind us. The MoM CPI now needs to be lower than 0.2% for #inflation to continue moving lower. Source: BofA
3 reasons why the fed will hike this month (despite the lower us cpi print)...
Source: C. Barraud
On the back of the lower us cpi print, Euro rose sharply against dollar
On the back of the lower us cpi print, Euro rose sharply against dollar, closing at the highest level since March 2022, completely decoupled from its macro data.. Source: Bloomberg, www.zerohedge,com
US 30 year Mortgage Rate
The US 30 year mortgage rate has hit a new decade high at 7.38%, up 23 bps since last week, per BankRate
With fiat currency, it is as simple as this...
With fiat currency, it is as simple as this... Source: Wall Street Silver
China's Inflation Rate Eases to Zero
Deflation in China? China's Consumer Price Index (CPI) year-on-year growth rate in June dropped to 0% (prev. 0.2%). Producer Price Index (PPI) year-on-year growth rate dropped to -5.4% (prev. -4.6%). Source: Bloomberg
SNB won’t let slowing inflation stop a rate hike
Source: Bloomberg
Global Yield Curves' (2s10s) inversion deepens, flashing recession signals
Source: Bloomberg TV Chart
