Rubrics Morning Comment 11.08.23 – Rubrics – Asset Management

11th August 2023

Fed Seen Pausing After Tame CPI Data, But Mission Not Over

Core CPI posted smallest back-to-back gains in two years

Policymakers are divided if they should hike rates further

https://blinks.bloomberg.com/news/stories/RZ6LLGT0G1KW

Daly Says Fed Has ‘More Work to Do’ to Get Inflation to Goal

San Francisco Fed chief says CPI figures largely as expected

July CPI data showed smallest back-to-back gain in two years

https://blinks.bloomberg.com/news/stories/RZ5DE2DWX2PS

Soft-Landing Optimism Fails to Sway Most Wall Street Economists

Central bank and some on Wall Street ditched downturn scenario

Others see lingering risk of more tightening to cool inflation

https://blinks.bloomberg.com/news/stories/RZ30R4DWX2PS

Fed-Favored Services Inflation Gauge Re-Accelerates in July

Metric has first annual gain in 2023, calculations show

Excluding medical care, core services indicator rose more

https://blinks.bloomberg.com/news/stories/RZ6BM3DWLU68

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