The US holiday month of August has this year provided a timely natural pause for Federal Reserve chairman Jerome Powell.
Because while US consumer price growth remains too high by historical standards, at 4.8 per cent by the Fed’s preferred measurement, it is headed in the right direction.
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Mark Mulligan is the world editor and a former markets and economics writer. He was a Financial Times correspondent. Connect with Mark on Twitter. Email Mark at mark.mulligan@afr.com.au
