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China in “deflation!”

Summary:
Some China price indexes MoM and YoY negative…Chinese CPI (Y/Y) Jun: 0.0% (est 0.2%; prev 0.2%)- CPI (M/M): -0.2% (est 0.0%; prev -0.2%)- PPI (Y/Y): -5.4% (est -5.0%; prev -4.6%)— LiveSquawk (@LiveSquawk) July 10, 2023 They keep cutting their rates…People's Bank of China cuts key short-term policy rate by 10 basis points, from 2% to 1.9% pic.twitter.com/FQuMpXTatx— TRT World Now (@TRTWorldNow) June 13, 2023

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Some China price indexes MoM and YoY negative…





They keep cutting their rates…





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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