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Post-July CPI, we believe "transitory" will be increasingly part of inflation conversation. Fed Williams NY Times interview pushes forward this view.

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Today's note will include a short video update. We discuss: Post July CPI this Thursday, we believe the word "transitory" will be increasingly used in conversations around inflation. NY Fed Williams interview in NY Times where he discusses rate cuts in 2024 point to this. The tanking of used car price...

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