Investment industry mulls inflation peak as US CPI breaks five-month streak

Excluding food and energy, core CPI printed 4.3% year-on year for July, in line with expectations but lower than the previous print of 4.5%. Seema Shah, chief strategist at Principal Global Investors, suggested the figures should "help assuage investor fears that the Fed is too laid back about inflation pressures" but markets should not consider inflation passed. "While the data should reassure markets that inflation isn't on a relentless upward trend, make no mistake - this inflation report is still hot," she said. Tilney Smith & Williamson investment strategist Sam Pham agreed th...