Daiwa: July CPI is stable and the Fed will maintain interest rates

According to Daiwa, the stability of the CPI in July made it possible for the Fed to maintain interest rates at the September policy meeting. Daiwa noted that housing trends were key and that, despite price pressures in areas such as medical care and air fares, the performance of housing components was close to normal levels before the outbreak. Daiwa stressed that recent CPI data showed that inflationary pressures affected by the Iranian conflict were weakening, although basic inflation was still above the Fed ' s 2 per cent target。