Glenmede head of investment strategy and research Jason Pride expects US
inflation pressure to remain concentrated in food and energy and sees core CPI
MoM likely to slow. The key market question is whether that pattern will begin
to shift, especially if Middle East-related energy price volatility persists.
Any signs of price-pressure diffusion would reinforce the Fed’s cautious policy
stance; a mildly on‑target, subdued report would support the view that current
inflation is transitory and supply‑driven rather than demand‑driven.
