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MNI PODCAST: FedSpeak-More Hikes If Disinflation Stumbles

  • The Federal Reserve's desire to pause rate hikes is driven by a belief that recent disinflation would proceed unabated, and could "turn on a dime" if progress appears to stall, former Fed board economist Steven Kamin tells MNI.
  • Kamin on stronger-than-expected August CPI: "It’s certainly too soon to say that the progress toward getting to the 2% target has stalled but it gives one a little pause."
  • If the "last mile" on inflation proves tougher, then conditions could be ripe for a harder landing than markets are currently pricing in.
Listen to the full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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