Markets to Focus on Fed's Assessment of Core Inflation -- Market Talk

0750 GMT - Markets are likely to focus on the Federal Reserve's FOMC's assessment of core inflation since the Fed ended forward guidance after Kevin Warsh became Chair, Fifth Third Commercial Bank's Bill Adams says in a note. "The policy statement will likely lay out another mixed picture of inflation's drivers," the chief U.S. economist says. Good news on inflation comes from relatively tame house prices and rent increases, and from the dissipating impact of 2025's tariff hikes. This is offset by rebounding energy prices as disruptions to Mideast and Russian exports resurface; new tariffs; AI-related pressure on electronics prices; and labor supply bottlenecks pushing up prices of services such as home health care and nursing care, he says. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 03:50 ET (07:50 GMT)