23 August 2022
Wall Street was down 2%, in contrast with sloping PCE. NHKSI Research sees the July US Deflator PCE survey was down to 0.0% MoM (Vs. Jun. 1.0% MoM) and 6.4% YoY (Vs. Jun. 6.8% YoY), as the US Headline CPI peaked in June with 1.3% MoM and 9.1% YoY, indicating that the Fed has room to start easing its monetary policy.





