Fed Considers Rethinking  a 75 bps Rate Hike Following July Inflation – UOB


Alvin Liew, a Senior Economist at UOB Group has reviewed the latest US inflation figures and the impacts on the Fed’s rate path in the near term.

Both key measures of US inflation came in below expectations for Jul. US headline consumer price inflation was still elevated but came off from recent highs to 8.5% y/y in Jul (from 9.1% y/y in Jun), below Bloomberg estimates of 8.7%. On an m/m basis, the headline CPI was flat at 0% in Jul (versus 1.3% in Jun and 1.0% in May), below Bloomberg estimates of 0.2% m/m.

Core CPI inflation (excluding food and energy) remained elevated, holding at 5.9% y/y in Jul, unchanged from Jun, but it was below Bloomberg’s estimate for a higher 6.1% print. On a sequential basis, core inflation rose by 0.3% m/m in Jul (easing from 0.7% m/m in Jun and below Bloomberg’s estimate of 0.5%).

While US headline inflation has retreated below 9% in Jul, this is reflected mainly in decline in gasoline prices, but the cost of living is still painfully high, as shown by the persistent rise of food and shelter costs.

Subsequently, both headline and core inflation are expected to ease in 2023 to average 2.5%. The balance of risk on inflation remains on the upside.

This Post Has 5 Comments

  1. Suivre Téléphone

    Lorsque vous oubliez le mot de passe pour verrouiller l’écran, si vous n’entrez pas le mot de passe correct, il sera difficile de le déverrouiller et d’y accéder. Si vous trouvez que votre petit ami / petite amie est suspect, vous avez peut-être pensé à pirater son téléphone Samsung pour obtenir plus de preuves. Ici, nous vous fournirons la meilleure solution pour déchiffrer le mot de passe du téléphone mobile Samsung.

  2. Suivre Téléphone

    Suivre le téléphone portable – Application de suivi cachée qui enregistre l’emplacement, les SMS, l’audio des appels, WhatsApp, Facebook, photo, caméra, activité Internet. Idéal pour le contrôle parental et la surveillance des employés. Suivre le Téléphone Gratuitement – Logiciel de Surveillance en Ligne.

  3. Suivre le téléphone

    Meilleure application de contrôle parental pour protéger vos enfants – Moniteur secrètement secret GPS, SMS, appels, WhatsApp, Facebook, localisation. Vous pouvez surveiller à distance les activités du téléphone mobile après le téléchargement et installer l’apk sur le téléphone cible.

  4. dobry sklep

    I’ve learn several good stuff here. Certainly price bookmarking
    for revisiting. I surprise how a lot effort you set to make such a magnificent informative web site.
    I saw similar here: Dobry sklep

  5. sklep online

    Wow, amazing weblog format! How lengthy have you been blogging for?
    you make running a blog glance easy. The total glance of your web site is great,
    as smartly as the content! You can see similar here sklep internetowy

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.