Yahoo Finance published this video item, entitled “Expect a Fed pause in September, hike in November ‘more certain’: Strategist” – below is their description.
Inflation rose in August, thanks in part to higher energy prices. The Federal Reserve has been raising interest rates in an effort to bring inflation down to its 2% target. F.L.Putnam Chief Market Strategist Ellen Hazen spoke with Yahoo Finance anchors Brad Smith and Julie Hyman about Fed rate hike expectations and inflation CPI data. This data makes it “more certain” that the Fed will hold rates at its meeting in September and raise rates by 25 basis points at its November meeting. “We did see inflation come in a bit higher than anticipated, particularly the energy component,” Hazen says. Given that Russia and Saudi Arabia are restricting supply, Hazen says “we think it’s likely that the energy component could remain higher for longer, thereby reinforcing the impetus for the Fed to hike again in November.”
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