bearish

US: Tight Labour Market and Still-Abundant M2 Make for an Inflationary Cocktail

354 Views14 Jan 2022 03:17
M2 continued growing 12-14%YoY in Jul-Nov2021 (after 24%YoY growth in Jul-Nov2020). With unemployment down to 3.9%, inflation has surged. We expect the Fed Funds rate to rise to 1.25% by end-2022.
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