US Inflation fails to impress. The pace of hikes is going to be “very, very slow”

Livewire News

Livewire

Consumer prices (excluding fuel and food) increased 0.1%, the smallest gain since December. The median forecast of 82 economists was 0.2%. Millan Mulraine, deputy head of U.S. research and strategy at TD Securities LLC in New York says “Inflation momentum remains very subdued. The slow pace of inflation will justify a more gradual pace of tightening by the Fed. It’s playing into their hands.” Nariman Behravesh, chief economist for IHS Inc. commented “For the moment, inflation is way below where the Fed is hoping it’ll end up, but it’s too early to say we’ll be stuck at these low levels for a long time. The pace of interest-rate hikes is going to be very, very slow.” (Bloomberg) (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment