Callie Cox, US Analyst at eToro. shared with Cointelegraph en Español his analysis about inflation in US goods and services.
“Inflation has slowed again, but the details show that the Federal Reserve’s fight is far from over. Services inflation remains very high, and that is the type of inflation the Fed is trying to control. It’s not just about rents: prices for services, other than rents, increased 7% year-on-year. Too high a number”, emphasizes Cox.
“The silver lining is that property prices continue to fall, showing that supply chains continue to recover and rate hikes are making their way into the economy. And if you look at the context outside of this report, it’s still fair to believe that the Federal Reserve is indeed achieving a soft landing. Nevertheless, we are not sure that the market is properly positioned for persistently high inflation or persistently high rates”, remarks the expert.
And he concludes by saying:Right now, that’s the story the inflation data tells us and investors should beware. The inflationary crisis is not over yet and, as we have seen recently, it’s easy for markets to get carried away. We may not see new highs until inflation is fully under control”.
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