UBS On-Air: Paul Donovan Daily Audio 'Team Transitory victory lap?'
UBS On-Air: Market Moves - En podcast av Client Strategy Office
Yesterday’s US consumer price data does not mean inflation is over, but it does signal that the transitory inflation of 2021 is over. The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast. The commodity wave of inflation is fading, and that leaves the profit margin expansion in focus.
