CNBC’s Carl Quintanilla tweeted this chart from Deutsche Bank that shows a recent slowdown in capital investment by US businesses — the opposite of what the tax cuts were supposed to produce. “It looks like the corporate tax cut didn’t provide much additional boost to capex,” Deutsche Bank said, adding, “we still expect more upward pressure on wages. If we do enter such a period of ‘Temporary Stagflation’, the Fed will obviously be in a very difficult situation.”
