Still, the numbers won’t settle the great inflation debate. Plenty of economists point to persistent supply-chain problems and rising wages as reasons why inflation might stay higher-for-longer in the months ahead.
U.S. government bonds gained on expectations the August numbers will ease pressure on the Fed to start tightening monetary policy. Yields on 10-year Treasuries dropped about 5 basis points to 1.28%. Snarled supply chains and shortages of materials -– two key drivers of pandemic inflation –- helped push prices for household furnishings up a record 1.2% last month.
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MARKET WRAP: Waning US inflation lashes randRand weakens most in more than three weeks as US CPI data suggests tapering may be some months off yet Poor Rand 😒. Sooo sensitive.
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JONATHAN COOK: Why sharing might not always be caring in a small businessIncentivising an employee with shares can bring problems including tax complications
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