Low Inflation, High Inflation
The consumer is strong but some leading indicators are weak
Succinct Summary: Inflation is slower than it had been, but there’s still a fair amount of inflation in the world. CPI was up 4.9% y/y, which is the smallest increase since April 2021, but still well above the Fed’s target rate and core inflation was higher. Stan Druckenmiller seems to be seeing the same trends as the Transcript: strong consumer mixed w…
Keep reading with a 7-day free trial
Subscribe to The Transcript to keep reading this post and get 7 days of free access to the full post archives.