Don't inflate expectations about a US rate rise

Despite several inflation gauges painting a confused picture of inflationary pressure in the US, the Fed will continue its taper, although it is unlikely to raise the cash rate this year.

Inflation remains benign but the Federal Reserve is all but certain to cut its asset purchasing program by a further $US10 billion during its meeting today. Still, it will be some time before inflationary pressures warrant a cash rate rise.


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