Fed Could Still Keep Rates Steady Based on Inflation Readout
Dow Jones
Yesterday
1039 ET - The Federal Reserve could still decide to keep rates steady after inflation came in mostly as expected, rather than accelerating, Atsi Sheth of Moody's Ratings says in a note. "The possibility of a continued pause remains on the table," the chief credit officer says. Some in the market believed a lower CPI reading was a requirement for the Fed to remain on pause and have now shifted to expecting a hike, Sheth says. But the month-over-month increase in core prices was only a tick higher than it has been in the last three months, she says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.