Stealey falls into the latter, a stance he reaffirmed after the US CPI knowledge got here via yesterday (11 July).
US inflation fell to three% in June for the second consecutive month, surpassing economists’ expectations by 0.1 proportion level.
Fed postpones fee reduce till ‘larger confidence’ in sustainable inflation ranges
That is the bottom inflation has been since Q1 2021 and the Financial institution of America’s International Analysis group known as this a “confidence constructing report”.
“After a regarding begin to the 12 months, the trail to 2% inflation is on observe.”
The information has rallied some traders to sta…
