U.S. Future Inflation Gauge Slips
U.S. inflationary pressures were slightly lower in July, as the U.S. future inflation gauge dipped to 100.6 from a downwardly revised 100.8 in July, originally reported as 100.9, according to data released Friday morning by the Economic Cycle Research Institute.
"The USFIG remains in a cyclical downswing. Thus, U.S. inflation pressures continue to trend downward," ECRI Chief Operations Officer Lakshman Achuthan said in a release.