The Wealth Effect Created One Third of Inflation
January 13th, 2023
CPI inflation in the US continues to decelerate right in line with expectations. We discuss the market implications and guess where inflation could be later this year. Canadian bank CEOs send out a warning to regulators over vulnerable borrowers. The Fed says rising house prices created a wealth effect that boosted inflation. Meanwhile, another central banker says it’s not their job to fight climate change.