The release of US retail sales data and PPI on Wednesday further indicates that the economy is cooling down, with reduced inflationary pressure. While some may see a "Goldilocks" economy, others, such as Ark Invest's Cathie Wood and Walmart CEO, are cautioning about an upcoming period of deflation.
With the potential transition from inflation to deflation impending, many are questioning whether 2024 will be the year of significant change.
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