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UBS On-Air: Paul Donovan Daily Audio 'Shell shocked'
Published 1 year ago
Description
US December consumer price inflation should show modest headline gains. It is worth distinguishing inflation pressures and relative price changes. Egg prices are likely to rise sharply—egg producer prices rose 127.9% y/y in December. This is a supply shock. Unless Federal Reserve Chair Powell becomes a chicken farmer, they can do nothing about this.