February 9, 2024
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US inflation gets relatively easy
By: Macro Strategy Team
February 9, 2024
By: Macro Strategy Team
- Macro Strategy Team
US inflation is now rising much less than its trading partners.
For the first time since the Fed began tightening, the price of a basket of identically matched consumer goods in the US relative to its major trading partners is back below the prevailing level seen five-years ago.
In aggregate, at least, this suggests the level of the US dollar is no longer so troubling. In real-terms it is rapidly heading back to its 5-year average.
Author Bios
Macro Strategy Team
The Macro Strategy team provides cross-asset research and market intelligence across developed and emerging economies. Their expertise in FX, equities, and fixed income is complemented by proprietary indicators on investor behavior, inflation, and sentiment—turning complex data into actionable insights that help clients anticipate risks and capture opportunities.
1. Peter L. Bernstein Award for Best Article in an Institutional Investor Journal in 2013; Bernstein-Fabozzi/Jacobs-Levy Award for Outstanding Article in the Journal of Portfolio Management in 2006, 2009, 2011, 2013 (2), 2014, 2015, 2016, 2021; Graham & Dodd Scroll Award for article in the Financial Analysts Journal in 2002 and 2010. Roger F. Murray First Prize for Research Presented at the Q Group Conference in 2012, 2021, 2023. Harry M. Markowitz Award for Best Paper in the Journal of Investment Management in 2022, 2023. Doriot Award for Best Private Equity Research Paper in 2022.