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Some of the concerns out there about CPI hitting 3% at least in the short-term look overdone. Unless we get another surge in oil prices, this may well mark the peak.

Ross Walker

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Some of the concerns out there about CPI hitting 3% ... at least in the short term look overdone.
— Ross Walker
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Some of the concerns out there about CPI hitting 3% ... at least in the short term look overdone,
— Ross Walker
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Compared with the slowdown at the start of the year, these numbers look a little healthier. In the short term, the numbers don't help the case for rate cuts.
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The central bank needs to be able to make policy without short term political concerns.
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I would not be surprised to see continued price increases at least in the short term. September could be an unpleasant month when it comes to fuel prices.
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