The limited second-round impact so far from the Iran war has led to a moderation of US July inflation. Both consumer and producer price inflation slowed, with core CPI and core PPI at 2.5% and 4.2% YoY, respectively. While inflation remains elevated, the direction of travel has reduced concerns about the need for an imminent rate hike.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

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