Published Sep 1, 2026, 7:09 PM ET · Updated 2 months ago · 1 source

European core inflation deceleration supports disinflationary view

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Original Report

European inflation data shows deceleration in core HICP, indicating inflation is narrow and not spilling over. This, combined with a fragile labor market (evidenced by JOLTS, falling labor force participation, and revised payrolls), suggests the Fed's focus on inflation and a resilient labor market is misguided.