United States Inflation Rate
The trend has been improving over the course of twelve months although more recently has been falling from the high’s of June and July of almost three percent.
The consensus forecasts the inflation to rise again following on from five releases of month on month stagnation.
Fundamental and Geopolitical Analysis
Recent comments from the central bank…
…supporting strong labor market conditions and a sustained return to 2 percent inflation.
- Other than the mid term elections last week there are no geopolitical events of concern.
- Interest rates remained on hold at last weeks FOMC meeting.
- Dollar has gained strength following the interest rate decision and coming out of a lull in the run up to mid term elections.