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

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

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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