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Fed officials may consider hike as early as September, Skanda Amarnath expects

Fed officials may consider hike as early as September, Skanda Amarnath expects
Fed may hike in September or October

Skanda Amarnath expects that the Federal Reserve is unlikely to raise interest rates in July.

He notes that while some Fed officials appear open to a hike as early as September, his base-case expectation remains October.

Amarnath has recently highlighted a shift in temporary help service jobs from contraction to growth, supporting the rebound in overall job growth. Earlier, he called a new PPI release “brutal,” citing a 3.5 percent core PCE and worsening headline inflation. These recent observations inform his outlook for Federal Reserve policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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