An Atypical Development

I doubt markets will make much of this, but it was worth noting on Tuesday that a key gauge of used vehicle prices in the US moved higher in January. The inexorable rise and subsequent decline on Manheim's index was scrutinized by market participants during the pandemic-era inflation. Note that in the CPI series, used vehicle prices posted a sixth consecutive MoM drop in December. The ongoing declines are a meaningful disinflationary tailwind. And the Fed needs all the help it can get. Tha

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints