CPI Opens Door to October Fed Hike, Says PGIM
PGIM chief US economist Robert Sockin says the latest CPI opens the door more to a Fed rate hike this month and that the US economy needs at least two more hikes, with the broader direction for rates up even if the Fed skips October.
Original · Bloomberg AI summary of public reporting
Why: Hot CPI raises odds of Oct Fed hike → pressure on equities
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At publication → CurrentSP5007,774 → 7,753−0.3%
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