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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/14f5b3dc-de58-4da6-b4a6-b338008cc343/transcript