US Core Inflation Comes in Subdued, Easing Pressure on Fed

Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. Marta Norton, Chief Investment Strategist at Empower, reacts to the CPI data. (Source: Bloomberg)

Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. Marta Norton, Chief Investment Strategist at Empower, reacts to the CPI data. (Source: Bloomberg)