US inflation held steady in July, with consumer prices rising 2.7 percent - depite the ongoing concerns around import tariffs.

Figures are better than economists feared, but underlying pressures make the Federal Reserve's next move unclear.

Milford Asset Management's Michael Luke explained further.

LISTEN ABOVE

US inflation held steady in July, with consumer prices rising 2.7 percent - depite the ongoing concerns around import tariffs.
Figures are better than economists feared, but underlying pressures make the Federal Reserve's next move unclear.
Milford Asset Management's Michael Luke explained further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Michael Luke: Milford Asset Management expert on what the new US inflation data means for the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4bcef370-f4f1-49d7-b044-b338008ccc5b/transcript