Analysis: US inflation is expected to remain above the Fed's target for months

LPL Financial's Jeffrey Roach said it is too early to consider the fight against inflation "mission accomplished". He expects US PCE inflation for July, which will be released on Friday, to remain around 2.5%. "The risks remain. Especially with commodity deflation in the past few months, we may see a slight increase in the monthly data as the base effect takes effect. I think the data will hover around 2.5% in the coming months."