Report
All quiet on the US inflation front
After a modest acceleration mid-year, core inflation has been plateauing again since the end of the summer. The PCE-core index, which is the one favoured by the Fed, is 1.7%, other indices are a little higher. At the same time, inflation expectations are at the lower-end of their post-crisis range. In short, inflation does not threaten to jump suddenly, even though the unemployment rate is low and the labour market tight. Under these conditions, it will take more than a return to...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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