Andrew Hollenhorst, chief US economist at Citi, discusses the outlook for today's US inflation report. "If we get a cool reading again this month, and we think that we will, then you have more of a trend toward cooling inflation," Hollenhorst tells Bloomberg Television. "And that's just a very, very different story than what we've been hearing from some Fed officials." (Source: Bloomberg)
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their stances in deadlocked negotiations over the waterway.
