Sticky US inflation raises pressure on the Fed
FROM THE WIRE · SEEKINGALPHA.COM
Hotter-than-expected inflation will likely cause the Fed to hike rates by 25 bps in December, and they may not be done there, says Oscar Muñoz, Head of US Economics with TD Securities.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishInflation above expectations raises the risk of Fed rate hikes, weighing on equities and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01TD Securities expects hotter-than-expected inflation to likely lead the Fed to hike 25 bps in December.
- 02Oscar Muñoz, Head of US Economics at TD Securities, says the Fed may not stop there.
- 03The outlook points to growing pressure on monetary policy.