deflation

Discussion centres on competing inflationary and deflationary forces rather than a single near-term regime. Jim Iuorio expects disinflation within roughly 10 months as oil shocks become recessionary and monetary tightening takes effect ⁵, while Danielle Park sees deflation in some areas and disinflation in others as high rates unwind pandemic-era price inflation ³. Grant Cardone makes the more bullish claim that the next major expansion will be deflationary, whereas Luke Gromen argues the U.S. cannot tolerate deflation because it raises the real burden of foreign-held debt ²⁴.

From the window to Oct 14, 05:30 ET — this window's take is still to be written.