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This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices persistently high, according to top Societe Generale economist Kokou Agbo-Bloua. Markets are eagerly awaiting key inflation prints from the U.S. later this week, with the core annual consumer price index (CPI) — which excludes volatile food and energy prices — remaining persistently high to date, despite the headline figure gradually edging closer to the Federal Reserve’s 2% target. The persistence of labor market tightness and the apparent resilience of the economy means the market is ... (full story)