UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Disinflation beneath inflation'
14 Nov 2024
Description
US October producer price inflation is due. These numbers better reflect corporate pricing power than does the consumer price data. The tone should be consistent with a December rate cut—in this situation, the Federal Reserve does not want rising real rates, and inaction would raise real rates over the course of this year.
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