Analysis: Housing will be a key driver of the decline in US inflation
Institutional Chief US Economist: We still expect housing to be a key driver of the decline in US inflation for the rest of the year. The Fed is expected to cut interest rates by 50 basis points in September. With the unemployment rate rising - we expect the unemployment rate to reach 4.5% this fall, possibly by October - the Fed will focus more and more on the employment part of its dual mission.
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Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
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