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Policy● Neutral for Indian equities
Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data
The brief
- Fed’s Kashkari said inflation is “still too high” despite softer-than-expected PCE data
- Kashkari was scheduled to speak with CNBC’s Steve Liesman on Wednesday night
- A persistent US inflation signal may influence global rates and sentiment toward Indian equities
- US economy picks up pace in Q2, grows 2.2%
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges
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