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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'US inflation; fantasy and fighting back'

4 min • 12 december 2023
US November consumer price inflation is expected to be stable. Economists must act as second-hand car salespeople; used car prices are a volatile (probably declining) component. Record numbers of people were travelling for fun over Thanksgiving (assuming seeing family constitutes fun), which may have raised leisure travel prices. The fantasy of owners’ equivalent rent adds a lot to consumer prices but not to the cost of living.
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