Analyst suggests inflation may drop due to fading costs and calculation changes
1 report, 1 independent
Updated Oct 8
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What happened
Tom Lee of Fundstrat Global Advisors stated that probabilities are high for inflation to drop. He noted that factors pushing prices higher, such as tariffs and the cost of flash memory, are starting to fade. Lee also pointed out that a change in how the government calculates inflation could lower the reported number.
From aol.com
Why it matters
Lee believes that the next six months are critical for inflation outlook. He suggests that if prices decline, it may be due to existing policy rather than Federal Reserve rate hikes. He anticipates higher rates will contain rising home prices.
From aol.com
Who's involved
Possible ripples
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The entities involved
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FED
business
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Federal Open Market Committee
committee of the United States Federal Reserve