Disinflation process has continued.All MPC agree on disinflation, I see greater downside risks.Supply chain data points more clearly to disinflation than noisy wage data.
Core inflation stalled around 3.2% and it’s now back up to 3.8% but they are saying that disinflation has continued. Go figure…
This article was written by Giuseppe Dellamotta at www.forexlive.com.