Global Disinflation trend is ending..
It was never going to last forever, but it does mean Rate Cuts are going to be a harder sell. pic.twitter.com/7bhrPjuI3l
— Callum Thomas (@Callum_Thomas) May 30, 2024
If the rate of inflation stays high (above target) or the pace of disinflation disappoints vs the central bank’s central forecasts, or worse: if the rate of inflation reaccelerates (reflates) – this takes you into a scenario of higher for longer.
i.e. Interest rates either need…
— Callum Thomas (@Callum_Thomas) May 30, 2024