Weekly

July 13, 2024   The world's largest economy just turned a corner. The latest CPI update out of the US suggested, rather plainly, that the price pressures which bedeviled consumers for three years and eluded policymakers' attempts to restore inflation to more tolerable levels have finally abated. The Fed now has three consecutive benign reads on US inflation and two straight reports showing inflation to be convincingly on a path back down to target. The nightmare's over. Not really, in t