Wells Fargo research team suggests that the latest print of 2.2% y-o-y rate of US core inflation suggests no immediate pressure on FOMC to lift rates again soon, but there are few signs of inflation buckling again either as the overall inflation environment continues to look benign as far as the FOMC is concerned. Key Quotes “With core inflation at a 2.7% annualized pace over the past three months, the recent trend remains firm. We expect headline inflation will dip further over the next few months due to the drop in both energy and food prices the past few months.” “Core inflation should move somewhat higher. A weaker dollar is expected to lend some support to core goods prices, while rising labor costs and a willingness among businesses to raise prices should underpin services inflation.” “We doubt inflation will get out of hand, however, as input cost growth has begun to ease and a modest revival in productivity is keeping higher labor costs manageable.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: SME confidence and conditions continue to ease – NAB FX Street 4 years Wells Fargo research team suggests that the latest print of 2.2% y-o-y rate of US core inflation suggests no immediate pressure on FOMC to lift rates again soon, but there are few signs of inflation buckling again either as the overall inflation environment continues to look benign as far as the FOMC is concerned. Key Quotes "With core inflation at a 2.7% annualized pace over the past three months, the recent trend remains firm. We expect headline inflation will dip further over the next few months due to the drop in both energy and food prices the past few months."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.