HSBC Cautious About US Inflation Progress Slowing in Upcoming Months – A Quirky Take
Introduction On Friday, we received further encouraging data on inflation from the US. The US May core PCE came in at +0.1%, matching expectations. However, HSBC, in their most recent ‘global outlook’ note, offered a more cautious perspective. They anticipate that the pace of improvement in inflation will be gradual and uneven moving forward. This…