Investment strategist Stephen Miller shares his thoughts on the the US July consumer price index (CPI) report that points to ongoing “stickiness” in inflation but absent any meaningful upward pressure from tariffs. Given signs of labour market softening, it is probably just good enough for the Federal Reserve (Fed) to cut the policy rate when it meets on 16-17 September.

Read ‘On the other hand’, originally published on LinkedIn.

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.