UBS On-Air: Paul Donovan Daily Audio 'Spending power improves'

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Recorded14 Feb 2024

Publishersecure.ubs.com

Handlerec:4544237

Show notes

Yesterday’s US consumer price inflation rate slowed slightly less than expected—in the world of hashtag economics that was “hot” and a cue for hysteria. In reality, the fictitious owners’ equivalent rent drove most of the inflation. Moreover, inflation is geographically concentrated. For homeowners in most of the US, inflation in reality (excluding OER) is around 2%—bad luck if you live in Texas or Florida, where it is approaching 5%.

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