U.S. Inflation Pressures May Stay Concentrated in Food and Energy, Glenmede Says

Glenmede’s head of investment strategy and research, Jason Pride, said U.S. inflation pressures were expected to remain concentrated in food and energy, while core CPI month-on-month growth was likely to slow. According to Jin10, Pride said the key question was whether this pattern would begin to shift, particularly if Middle East-related energy price volatility persisted. He said any signs that price pressures were spreading more broadly would further reinforce the Federal Reserve’s cautious policy stance. By contrast, a mild report in line with expectations would support the view that current inflation pressures were temporary and supply-driven rather than demand-driven.