🚨 🚨 Morgan Stanley expects US CPI to surprise to the downside in April. “We expect inflation data “to reverse to downside surprises in April. .. Several data series indicate a rapid deceleration in rents. .. Financial Services inflation is linked with stock market returns, and the reversal in the S&P 500 in April will likely push this volatile component of inflation indices down .. Continued China deflation should keep US goods prices broadly in deflation”
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