The stronger than expected 1.3% rise in consumer prices in June, pushing headline inflation to 9.1%, from 8.6%, all but guarantees another 75bp hike at the July meeting but with commodity prices falling sharply and wage growth moderating in recent months, the outlook...
Economic Market Pulse | June 18, 2022 The Fed’s larger 75 bps rate hike came as little surprise to the markets following the worse-than-expected May CPI data. The decision to raise interest rates by 75bp to 1.50-1.75%, rather than the 50bp widely telegraphed by...
Market Pulse | Volume 94 The surge in energy prices helped drive headline CPI inflation up to a new 40-year high of 8.5% in March, but with base effects set to become much more favorable and signs that monthly gains in core prices are moderating, we expect that to...
