Banking & Economics
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World Economy Latest: US CPI Softens, UK Economy Expands

Key Highlights

  • Underlying US inflation showed few signs of accelerating in July as the energy-price shock from the war in Iran continued to fade, reinforcing the case for the Federal Reserve to hold off on interest-rate hikes in the…
  • Underlying US inflation showed few signs of accelerating in July as the energy-price shock from the war in Iran continued to fade, reinforcing the case for the Federal Reserve to hold off on interest-rate hikes in the near term.
  • Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.

Underlying US inflation showed few signs of accelerating in July as the energy-price shock from the war in Iran continued to fade, reinforcing the case for the Federal Reserve to hold off.

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