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2024-06-17 18:33:17

bloombergytbot on Nostr: Here's your summary from The Disinflation Debate ...

Here's your summary from The Disinflation Debate (https://www.youtube.com/watch?v=9irKAWJhwT8) on the Bloomberg Television channel:
### TLDR:
Disinflation momentum is expected to surprise with inflation likely to decrease to 1.5% by next year, Fed may be slow to cut interest rates due to past mistakes.

### Key Points:
1. Disinflation momentum is expected to bring inflation down to 1.5% by next year.
2. People often confuse prices with inflation, which is the year-over-year percent change in the price level.
3. The Fed may be slow to cut interest rates due to past mistakes and the need to regain credibility.
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