Nathan Janzen, Assistant Chief Economist at Royal Bank of Canada, assesses the latest inflation data from the US and how they could influence the Fede
Nathan Janzen, Assistant Chief Economist atRoyal Bank of Canada, assesses the latest inflation data from the US and how they could influence the Federal Reserve's policy outlook. We don't expect additional rate hikes this year "The substantial easing in USinflation pressures in recent months took a step back in September with year-over-year price growth holding steady at a 3.7% rate That was slightly above market expectations ahead of the report.
" "Fed policymakers are wary of a reacceleration in price growth with the economy still running exceptionally hot. The September data follows a string of downside surprises that left a substantially softer-than-expected broader price growth backdrop over the summer - and the upside surprise in the latest month shouldn't be enough to change that broader narrative.
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