The pick-up in core CPI inflation to a three-and-a-half-year high... illustrates that rising domestic price pressures won't allow Cleveland Fed to leave interest rates at near-zero levels for that much longer. Steve Murphy More Quotes by Steve Murphy More Quotes From Steve Murphy While any chances of a Fed rate hike later today have all but evaporated, the data released this morning undoubtedly support our view that a faster-than-anticipated rise in core inflation will force the Fed to raise interest rates faster than markets expect. Steve Murphy company-news The chances of a Fed rate hike in March remain slim but we still think that the Fed will raise interest rates in June as fears of recession in China and the U.S. ... subside. Steve Murphy business It dismisses any concerns of a potential slump in household spending after some weakness in the last few months. Not that there is much doubt any more, but this supports the case for a rate hike by the Fed next week. Steve Murphy top-news It dismisses any concerns of a potential slump in household spending after a couple of weaker months in August and September. Not that there is much doubt any more, but this supports the case for a rate hike by the Fed next week. Steve Murphy most-read-articles
