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MNI BRIEF: Kaplan Ups Inflation Outlook As Hike Talk Grows

(MNI) London

Dallas Fed President Robert Kaplan told MNI in an interview first published Tuesday he has raised his inflation forecast for the remainder of the year, as a Fed model indicated that U.S. inflation is set to stay elevated.

In another interview with MNI, an ex-Fed staffer said mounting inflation pressures and soaring growth will likely force the Federal Reserve to raise interest rates sometime next year.

MNI London Bureau | +44 203-865-3829 | jason.webb@marketnews.com
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