BloombergLean L·
US Inflation Softens Ahead of Fed Data, Jackson Hole
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 mov…
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