Core Inflation May Have Peaked as Long as Oil Stays Below $100, Says Sparta Capital Economist

According to Jin10, on June 10, Peter Cardillo, chief market economist at Sparta Capital Securities, said core inflation may have peaked based on the latest data, with year-over-year core inflation rising less than expected and no acceleration observed over the past month. He noted that energy prices significantly impact inflation trends and predicted that if crude oil does not substantially break above $100 per barrel, inflation could be considered topped. Cardillo acknowledged that geopolitical uncertainty remains a key variable affecting the outlook.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments