After that deflated CPI in China, US Jan headline & core inflation decelerated (lower than expectations & MoM lower than before). US 10yr moved lower to 1.12% but the debate on inflation continues: w/ weak demand but supply shocks, will we get stagflation?
Plus, there's fiscal!
Plus, there's fiscal!
https://twitter.com/Trinhnomics/status/1359314813168406531
Let's look at how the vaccination efforts are going globally:
The US is doing much better with 67.2% of supply used up & that 14 doses per person (I know many people that have gotten the shots). UK is great.
In EM, Chile is standing out. In the EU, Spain not badly either.
The US is doing much better with 67.2% of supply used up & that 14 doses per person (I know many people that have gotten the shots). UK is great.
In EM, Chile is standing out. In the EU, Spain not badly either.
The experience of the US shows that after a slow start, there is a steep learning curve & the process gets faster (assuming you have the vaccines to deploy) and hence the distribution of existing supply has shot up in the US sharply. Don't assume linear progress for distribution.
Back to the divergence of China PPI (positive) & deflated CPI as well as US weaker core prices yet PMI components showing price pressure, meaning got demand shocks pushing prices down while supply shocks pushing inflation up.
But that's the past, will demand bounce?
But that's the past, will demand bounce?
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