← Writing
Dec 12, 2023 · 1 min read

This would be a welcome Christmas present:

> prices fell 2.6% [this past October] from a year earlier, marking the fifth straight month prices for durable goods experienced deflation
> > Morgan Stanley economists expect the deflation trend to continue through at least the midway point of next year due in part to strengthened supply chains, a projection that jives with stabilization tracked by the New York Fed’s Global Supply Chain Pressure Index.
> > In fact, deflation may remain so strong, it unwinds much of overall inflation all on its own