Hot Inflation Flips Fed’s October Rate Odds: Economists Warn About ‘Debasement’ Risk
Hot September CPI flipped Fed October hike odds to 54%. Economists Robin Brooks, LPL and Oxford Economics warn of debasement risk if the Fed waits.
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Why It Matters
Prices went up more than expected last month. Now people think the Fed might raise interest rates in October to slow down that price growth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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