Holy Grail Coming into View ?
by AIB Treasury Economic Research Unit
- Markets are becoming increasingly confident that the Federal Reserve will manage to engineer a soft landing for the US economy
- The CPI data for June were particularly encouraging
- While the pace of growth in the US has slowed, the economy is still continuing to perform quite well
- The fall back in inflation despite the continuing solid economic growth and a very tight labour market has been referred to by some commentators as ‘immaculate disinflation’
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