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13.08.26 - 22:01
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US Inflation Softens Ahead of Fed Data, Jackson Hole (Bloomberg)
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Senior Research Economist Sree Kochugovindan from Aberdeen discussed the recent US inflation data, describing it as a subdued core inflation print that has somewhat eased pressure on the Federal Reserve. Despite inflation remaining elevated and outpacing wage growth, the inflation report was considered a bit of a nonevent. Kochugovindan emphasized that there is still more economic data to be released and the upcoming Jackson Hole symposium remains a critical event for gauging the Fed's next moves. He suggested that it is still too early to definitively extrapolate the Fed's September rate decision based solely on the latest inflation figures. (Source: Bloomberg)...
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13.08.26 - 18:00
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US wholesale inflation slows to 4.7% in July: What comes next for Fed, consumers (Times of India)
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In July, wholesale prices in the United States exhibited a cooling trend, providing a much-needed breath of fresh air. The decline in energy costs significantly reduced producer price pressures throughout the month. While consumer inflation also saw a slight dip, financial constraints persist for many households. Notably, wholesale inflation excluding food and energy showed improvement year-on-year....
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13.08.26 - 15:48
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Hammack Says the Fed Needs to ′Act Now′ on Inflation (Bloomberg)
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Federal Reserve Bank of Cleveland President Beth Hammack says the US labor market is "broadly stable" while inflation has been missing the central bank's target during an event with the Dayton Area Chamber of Commerce in Kettering, Ohio. (Source: Bloomberg)...
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