Daily Alpha · Substack

Capital Flows says nominal demand near 6% against a 4% policy rate amplifies inflation

The livestream recap argues headline and core inflation are rising together and that the inflation swap market is still pricing a deceleration the data does not support.

Nominal demand running near 6% against a 4% policy rate is an amplifier rather than a brake, per the piece.

Watch Inflation swap pricing versus incoming inflation data.