Peak inflation is quickly becoming the new transitory inflation. But I am here to share some good news. We might be on the verge of seeing inflation peak, and the next data prints coming out lower. This is big as it would change what the Fed and other central banks might do.
I am referring to the chart of oil, which is playing a large part in rising non-monetary inflation. With OPEC+ also promising to begin increasing production in July and August, will we have the environment for rising supply amidst lower demand? Oil had a major technical breakdown, but here are two outlier events which could cause oil prices to reverse and spike instead!