He's usually spot on.
This out of the US today. Maybe a little pre-mature but this is the rhetoric & media propaganda on the way that will turn the market fundamentally.
Part of the reason that people are excitedly chattering about 'peak CPI' is that it allows forecasters to start focusing on how quickly inflation will fall back to the Fed’s target. And it seems that forecasters are very enthusiastic in forecasting this deceleration, with some even saying that the rate of inflation over the last three months of 2022 may be right about at the Fed’s target, in the low 2s.
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