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16th Nov 2023 20:20U.S., Weekly Monitor

  • The supply-side factors we wanted to see in order to push inflation back down have all now normalized…
  • Excess demand is the last piece of the jigsaw; the lagged hit from the Fed’s hike will take care of it.
  • As demand moderates, gross margins will fall, pushing inflation back to target, and perhaps below it.

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Keywords for: 20 November 2023 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence