US Inflation Softens Ahead of Fed Data, Jackson Hole

Recent US inflation data showed core inflation below expectations, according to Sree Kochugovindan, senior research economist at Aberdeen. Inflation remains above wage growth, Bloomberg reported. Kochugovindan stated that additional economic data and the Jackson Hole Economic Symposium will be important for determining the Federal Reserve's policy direction, and that the latest inflation report alone is insufficient to predict the Fed's September rate decision.

Next story