PRESS ROOM
US annual inflation in August remains high at 5.3%
Thursday 16th September '21
Year on year consumer price index (CPI) inflation for the US eased slightly to 5.3% in August compared to 5.4% in July. The Federal Open Market Committee (FOMC) is expected to meet on 21-22 September to discuss monetary policy. It is possible that we see additional guidance on when the central bank might start tapering its bond purchases. A drastic shift in policy, however, remains relatively unlikely given the central bank continues to focus on maximum employment.