CPI Review: Slowdown Pressures Manifesting
As per my comment on TW, really appreciate your openness and quick turnaround in terms of analysis and commentary pre- & post- key events like CPI updates. Really helpful for readers (like me!) to learn more.
I do wonder if inflationary contribution by services will begin to ease off as well. Demand for services picked up as the world opened up again but we're seeing tech layoffs come full swing and this could work it's way through the rest of the services industry and reduce tightness perhaps?
Thank you for the comments. Do you have a model outlining your expected path for employment, and if so, what does it suggest regarding coming pressure (or not) on nominal income and spending on services?