US Federal Reserve chairman Jerome Powell holds a news conference on March 20 following the two-day Federal Open Market Committee policy meeting in Washington. Members indicated no new rate hikes for 2019, a sharply dovish turn at odds with the consensus from just three months earlier. Photo: Reuters
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

What inflation? In the US, a strong dollar, steady oil prices and low wage growth are keeping it low - for now at least

  • The Federal Reserve has declined to commit to additional rate hikes because inflation hasn’t accompanied US growth. If that changes, though, the pain could be serious

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US Federal Reserve chairman Jerome Powell holds a news conference on March 20 following the two-day Federal Open Market Committee policy meeting in Washington. Members indicated no new rate hikes for 2019, a sharply dovish turn at odds with the consensus from just three months earlier. Photo: Reuters
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Tai Hui

Tai Hui

Tai Hui is chief market strategist for the Asia-Pacific at JP Morgan Asset Management. Based in Hong Kong, he formulates and disseminates the company's view on the market, economy and investing to financial advisers and investors in Asia. He regularly appears on international and local financial media, including as a guest host on CNBC Asia, as well as Bloomberg TV and Reuters TV.