Persistently high inflation and the threat it might worsen is driving some analysts to argue the Federal Reserve must be more aggressive with interest-rate increases over time as it tries to use monetary policy to bring price pressures to heel.
The latest round of upsized so-called terminal rate forecasts have arrived following the release of the August consumer-price index, which showed underlying levels of inflation grew worse that month. The data was a blow to the idea rooted in other recent reports that the worst of the inflation surge had passed.
Derby’s Take: Amid Inflation Woes, Analysts Think Fed Has Further to Go on Rates
Persistently high inflation and the threat it might worsen is driving some analysts to argue the Federal Reserve must be more aggressive with interest-rate increases over time as it tries to use monetary policy to bring price pressures to heel.
The latest round of upsized so-called terminal rate forecasts have arrived following the release of the August consumer-price index, which showed underlying levels of inflation grew worse that month. The data was a blow to the idea rooted in other recent reports that the worst of the inflation surge had passed.