Odaily reported that Jason Pride, head of investment strategy and research at Glenmede, said US inflation pressure is expected to remain concentrated in the food and energy categories. He also said core CPI is expected to slow on a month-over-month basis. Ahead of the US CPI release, the food and energy components remain central to the inflation discussion, while the monthly movement in core CPI is being watched as a measure of broader price pressure.
Pride said the key issue is whether this pattern begins to change, especially if energy price volatility related to the Middle East continues. In his framing, a situation in which price pressure remains concentrated in food and energy differs from one in which it spreads into other categories, and that distinction matters for how the inflation report is interpreted.
According to Pride, any sign that price pressure is spreading would further reinforce the Federal Reserve’s cautious policy stance. Conversely, a mild report that comes in line with expectations would support the view that current inflation pressure is temporary and supply-driven rather than demand-driven. The comments were cited by Jinshi.