#MikeMcGlone, Senior Commodity Strategist, #BloombergIntelligence: Following The Money Points To Deflation - US M2 Money Supply, European Central Bank's M3 YOY Money Measure, And PPI Are All Negative

(Right Click on Article's Hyperlink Above to Open Chart in a New Tab...)

"Following the Money Points to Deflation -

US M2 money supply, the European Central Bank's M3 year-over-year money measure and the Producer Price Index are all running negative toward the end of 2023, which may indicate a 2024 tilt. With effects from most central banks still hiking rates in 3Q probably not fully felt, it appears unlikely that these metrics will rebound soon, with implications for risk assets."

The full report is on the Bloomberg terminal here:

Bloomberg Intelligence

{BI COMD}

#money #commodities #macroeconomic

#MikeMcGlone, Senior Commodity Strategist, #BloombergIntelligence: Following The Money Points To Deflation - US M2 Money Supply, European Central Bank's M3 YOY Money Measure, And PPI Are All Negative

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