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Eric Daugherty: U.S. core inflation falls below expectations at 3 percent

Eric Daugherty: U.S. core inflation falls below expectations at 3 percent
U.S. core inflation drops to 3 percent

Eric Daugherty, founder and CEO at The Daugherty Company, highlights that U.S. core inflation has come in below expectations at 3 percent, using the Federal Reserve's preferred gauge.

This result is described as “less inflation than we thought” by FOX Business and “much lighter than expected” by CNBC. Daugherty urges that this momentum continue into the midterms and argues the Federal Reserve should not have raised rates.

Daugherty previously commented on Nike's removal from the S&P 500 following a significant decline in the company's performance in a recent statement. He has also highlighted claims by President Donald Trump regarding hundreds of billions of dollars in new investments benefiting the U.S. economy, as reported in another commentary.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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