FT News Briefing US inflation is still on the right track
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Aug 11, 2023 Exciting developments in U.S.-Iran relations are highlighted as five American prisoners move to house arrest. Inflation in the U.S. sees a slight uptick to 3.2%, with experts offering a positive spin on the economic outlook. Meanwhile, Mexico faces a surge in military influence, raising concerns about public safety and democracy under López Obrador's presidency. The conversation navigates the intricate dynamics of these nations, making for a captivating analysis of current global events.
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US Inflation Remains Positive
- US inflation rose slightly to 3.2% in July, up from 3% in June.
- Despite the slight increase, the overall inflation report was positive, showing progress in most categories.
Fed Interest Rate Decision
- Investors believe the Federal Reserve will pause interest rate hikes in September due to the positive inflation report.
- However, rate cuts are unlikely soon as more work is needed to control inflation.
Mexico's Military Influence
- Mexico's military spending has increased under President Andrés Manuel López Obrador (AMLO), expanding their influence in the economy.
- This raises concerns about potential corruption and lack of transparency due to secret military budgets.