Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
pay for these very high bills major importer. david madden is a market analyst at equiti capital. how long does it take for us to see the effects of rising commodity prices like wheat filtering through to things like things on supermarket shelves? h, ., like things on supermarket shelves? like things on supermarket shelves? ,g, ., ., g, like things on supermarket shelves? ., g, shelves? good morning and as one of your shelves? good morning and as one of your previous shelves? good morning and as one of your previous guests i one of your previous guests mentioned, it may take several months so we may not see the shock to the likes of the price of wheat and oil that we have seenin of wheat and oil that we have seen in the last few weeks filter through properly to headline cpi numbers for probably around 3 6, nine months. but the bad news is were already talking about high levels of inflation and the cost of living crisis was already starting to make headlines around the world, e