Drivers queue outside a petrol station in Lynnfield, Massachusetts, on July 19. Lower petrol prices were the primary driver of unchanged US headline inflation in July as compared to June, but the annualised rate was still 8.5 per cent. Photo: AFP
Drivers queue outside a petrol station in Lynnfield, Massachusetts, on July 19. Lower petrol prices were the primary driver of unchanged US headline inflation in July as compared to June, but the annualised rate was still 8.5 per cent. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

US inflation may be peaking but interest rates aren’t coming down any time soon

  • With inflation still well above the Fed’s target, more rate increases are on the cards, and the Hong Kong Monetary Authority is sure to follow suit
  • China-US trade, dominated by Chinese exports to the United States, will provide a degree of disinflation

Drivers queue outside a petrol station in Lynnfield, Massachusetts, on July 19. Lower petrol prices were the primary driver of unchanged US headline inflation in July as compared to June, but the annualised rate was still 8.5 per cent. Photo: AFP
Drivers queue outside a petrol station in Lynnfield, Massachusetts, on July 19. Lower petrol prices were the primary driver of unchanged US headline inflation in July as compared to June, but the annualised rate was still 8.5 per cent. Photo: AFP
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