CFS Divisia M4 (DM4) declined by the 14th largest amount on record since 1968.
The implication is that inflation and growth are slowing more dramatically than many believe.
Over years and cycles, our data and analytics offer paths for investors to profit and officials to conduct policy in a way to limit inflation and promote growth in a less volatile financial environment.
A message on markets, analytics and policy implications will follow next week.
View “Falling Money and the Fed” at