Inflation on the 'right path' despite 'slight stickiness in services,' says BlackRock's Chaudhuri

By MarketWatch | Sep 11, 2024 at 09:51 AM EST

BlackRock's strategist believes US inflation is on track, allowing the Fed to cut interest rates by a quarter-point. Despite higher core prices in August, the data supports a gradual approach due to stable services inflation. The focus may shift to labor market conditions.

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