Morgan Asset Management Strategist: Today's CPI data is more of a "noise"

News on September 11, David Kelly, Chief Global Market Strategist at Morgan Asset Management, stated that the core CPI data for July was slightly higher than market expectations, but today's data is more of a "noise rather than news". He added that inflation has dropped to "room temperature", implying there is no "significant" inflation problem. "Overall, in my view, inflation is well controlled. It seems we have not seen signs of deflation," said Kelly.