Disinflation is Here, What Could It Mean?
Long form post:
1) Disinflation is in motion. Sufficiently tight Fed policy is doing it's job, as evidenced by 1m & 3m annualized sticky CPI decelerating m...
We estimate that the top income quintile currently holds just over 80% of excess savings. The 0-20% and 20-40% quintiles have already depleted their excess savings balances, while the 40-60% quintile will likely follow in the next month or so.” - BNP Paribas
Probably nothing 🥹
Probably nothing 🥹
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