Quote:
Originally Posted by Weitz
Is cheap money even driving inflation at this point?
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It doesn't look like it, but it's complicated. Supply issues were driving things, and those are easing (or have eased). It just takes time to get this worked through the system though. Things like fuel/gasoline have dropped significantly over the past few months. Housing/shelter haven't dropped as much. A couple of the large grocery CEO's in Canada say that prices should ease on that front as well, which is generally a positive for people.
Those are the types of things that the central bank would have the central bank ease their foot off the pedal, regarding rate hikes...but none of the comments are particularly dovish on that front, at least not yet.