December rate hike appears probable after 'hawkish skip', Fed Chair Kevin Warsh notes

December rate hike appears probable after 'hawkish skip', Fed Chair Kevin Warsh notes
Fed hawkish skip signals likely December hike

Federal Reserve Chair Kevin Warsh described today's decision as a 'hawkish skip' and emphasized that the job is not done on inflation. Warsh called the U.S. economy 'strong' but added that he does not think the economy is overheating. Heather Long reported that a December rate hike now seems very likely.

Business inflation rose to 6.3 percent in September, exceeding expectations across all categories, as reported by Heather Long in an earlier article. Long has recently examined the drivers of higher bond yields in the U.S. and France, noting skepticism that strong growth alone is behind the increase in another report. These developments provide context for ongoing concerns about inflation and economic momentum.

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.