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Slowing US demand reduces inflation pressure, may impact Fed rate cut decision
Summary: According to sources, Swiss Re Chief Economist David Kohl stated that slowing demand may be dampening inflation pressure in the US. Despite signs of price increases in clothing and electronics indicating tariffs are pushing up prices, housing costs continued to rise modestly in June, stabilizing inflation. Kohl believes that the full impact of the August ...
According to sources, Swiss Re Chief Economist David Kohl stated that slowing demand may be dampening inflation pressure in the US. Despite signs of price increases in clothing and electronics indicating tariffs are pushing up prices, housing costs continued to rise modestly in June, stabilizing inflation. Kohl believes that the full impact of the August tariff hikes has yet to be seen, and anticipates that weakening household demand will offset the temporary upward trend in inflation caused by tariffs, potentially prompting the Fed to consider resuming rate cuts at their September meeting.
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Link: Slowing US demand reduces inflation pressure, may impact Fed rate cut decision [Copy]
