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UBS On-Air: Paul Donovan Daily Audio 'Disinflation beneath inflation'
Published 1 year, 2 months ago
Description
US October producer price inflation is due. These numbers better reflect corporate pricing power than does the consumer price data. The tone should be consistent with a December rate cut—in this situation, the Federal Reserve does not want rising real rates, and inaction would raise real rates over the course of this year.