I agree with you. The transitory inflation crowd have stopped talking over the last couple of months but there must be some truth to it.
I checked out the freight rates trend because of your post and I like what I see, but best case reading of the trend (IMHO) is it heavily leads inflation outcomes. Therefore it took a year or so of freight rate increases to trigger inflation, so maybe it will take a year or more to dampen inflation.
Still, I would be very happy with inflation dropping away in 2023.
I agree with you. The transitory inflation crowd have stopped...
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