It began with lumber prices a few weeks ago and it is now broadening out. Charts from Daily Shot. Goods prices are deflating as services catch up to normal levels:
Core PCE has peaked:
It’s mostly catch-up anyway:
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It began with lumber prices a few weeks ago and it is now broadening out. Charts from Daily Shot. Goods prices are deflating as services catch up to normal levels:
Core PCE has peaked:
It’s mostly catch-up anyway:
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