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UBS On-Air: Paul Donovan Daily Audio 'A dose of normality'
Published 1 year, 8 months ago
Description
Yesterday’s US consumer price data was less weird—no 4% monthly increases in rent in Detroit (as in March). The detail showed for almost every business sector, there is deflation somewhere in the United States. For the benefit of non-economists (like the Chair of the Federal Reserve) this is not remotely consistent with sticky prices.