UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'From inflation to labor markets'
15 Aug 2024
US July consumer price inflation data continued recent trends. Most sectors of the US economy have deflation somewhere (furniture prices seem to be plunging in California. Clothing prices are falling in New York). Fictional prices for housing are propping up the inflation data—which means middle income homeowners have more spending power than consumer price numbers imply.
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