US: Swift fall in inflation will allow the Fed to cut rates in 2023 – ING UnitedStates Fed Inflation Banks Growth
Inflation set to hit 2%
“Corporate pricing power already appears to be waning based on survey evidence. The deteriorating activity story will help dampen price and wage pressures further. The composition of the US inflation basket, which is heavily skewed toward housing and vehicles – accounting for more than 40% by weight – is also important for our call that inflation will hit 2% by the end of the year.
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