Analyst: US core inflation remains moderate, allowing policymakers some leeway.

Jin10 data reported on August 12, Corpay Chief Market Strategist KARL SCHAMOTTA stated that U.S. core inflation remains moderate, providing policymakers with some leeway in responding to signs of fatigue in the labor market. Powell should bring the issue of a rate cut in September to the agenda during his speech at Jackson Hole on the 21st. However, the trend of the U.S. economy shifting towards isolationism and self-sufficiency is still ongoing, and with tariffs impacting tradable goods and immigration controls driving up service costs, price pressures may begin to build in the coming months. The narrative in the mainstream market may change direction multiple times in the coming months.