Automotive Market Update 5-16-2024
Deflationary Spiral and Automotive
Inflation numbers are out today and from this chart it is hard to avoid the conclusion that inflation is accelerating, driven by services.
As we discussed last week, it looks to be a condition that will eventually cause a rapid deceleration in demand due to affordability which may lead to an inflationary spiral that could lead to rate cuts to curb the impact. Most of which… READ MORE HERE.