Too soft on inflation? Wells Fargo thinks the Fed should hike by at least a full point

Too soft on inflation? Wells fargo thinks the fed should hike by at least a full point

CNBC Television published this video item, entitled “Too soft on inflation? Wells Fargo thinks the Fed should hike by at least a full point” – below is their description.

Michael “Mike”Schumacher, Wells Fargo Securities head of macro strategy, on where interest rates are heading. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Dan Nathan, Jeff Mills and Julie Biel.

CNBC Television YouTube Channel

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Wells Fargo & Company ( NYSE:WFC ) is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and internationally.

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