cover of episode UBS On-Air: Paul Donovan Daily Audio 'Economic fairy tales'

UBS On-Air: Paul Donovan Daily Audio 'Economic fairy tales'

2024/3/12
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

Shownotes Transcript

US February consumer price data are due. It is the detail that will tell us about the strength of disinflation forces. The January number had less headline disinflation than anticipated, but this owed much to the fairy tale of owners’ equivalent rent—a price no one pays. The inflation experience of homeowners is a lot less than headline consumer prices, which means their spending power is better.