Key US Data This Week Seen Bolstering Case for October Rate Hike
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A key Fed inflation argument is crumbling–and economic data later this week could take odds of an October interest rate increase higher
The inflation debate at the Federal Reserve has been whether supply side shocks such as the closing of the Strait Hormuz to oil and petrochemical tankers should be treated as one-off events. And whether the Federal Reserve should look through these supply side shocks and sopehowendeavor to discover the real underlying inflation rate in the economy. Until recently the look through-it, the supply-side-shocks-are-transitory argument had enough supp…
The Fed is expected to raise interest rates again in October. The US economy is booming, inflation is too high. Important data are now available. The post Fed interest rates are on the rise in October – data this week as a basis appeared first on financial marketwelt.de.
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