Excess Capacity and the Road to Non-Sticky Inflation
As excess capacity builds, more disinflation is in the pipeline
Highlights
• As excess capacity builds, more disinflation is in the pipeline
• A soft NFP report will bring a 50 basis point cut back on the table
• Harris’ economic plans will weigh on productivity and the economy
• The runway for BoC rate cuts is longer than many think
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