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Cooling US inflation keeps the Fed on track for rate cuts
US consumer price inflation has risen 0.2% month-on-month for both headline and core, in line with expectations. However, it is slightly better than that as to 3 decimal places headline rose 0.155% and core rose 0.165%, both of which are below the 0.17% rate that over time brings us to 2% year-on-year. The chart below shows that we have had three consecutive readings below 0.17% MoM for core inflation and that the 3M annualised rate is now just 1.6%. The Fed has told us they won't wait for the YoY rate to hit 2% (currently 3.2%) before cutting interest rates, because if they do that the risk is they have left rates ... (full story)
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- Posted: Aug 14, 2024 10:21am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,262
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