Institutions: inflation below the psychological barrier of 3%, the Federal Reserve emergency rate cut pressure becomes smaller
Bitget2024/08/14 13:21
Gerrit Smit, head of global equity management at Stonehage Fleming Investment Management, said U.S. headline CPI inflation came in at 2.9% in July, the first time it has been below 3.0% since March 2021, and below widespread expectations. This could allow the Fed to feel relaxed about the pressure to cut rates urgently. With inflation below the psychological 3% mark, it is clear that investors' focus can shift from inflation to economic growth.
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