United States core inflation performance in July was moderate and Fed interest-rate pressure eased

ON 12 AUGUST, THE UNITED STATES EXPERIENCED MODERATE CORE INFLATION IN JULY, WHICH IS LIKELY TO EASE THE PRESSURE ON THE FED TO RAISE INTEREST RATES. DATA RELEASED ON WEDNESDAY BY THE UNITED STATES BUREAU OF LABOR STATISTICS SHOW THAT THE CORE CPI RING INCREASED BY 0.2 PER CENT IN JULY AFTER THE ELIMINATION OF MORE VOLATILE FOOD AND ENERGY CATEGORIES. THE SAME INCREASE WAS 2.5 PER CENT, THE LOWEST SINCE MARCH 2021. OVERALL, IN JULY, THE CPI RING INCREASED BY 0.1 PER CENT AND 3.4 PER CENT OVER THE SAME PERIOD. KIM XIAN