Inflation Keeps Pressure on the Fed
Economist Neil Dutta warns that persistent inflation may force the Federal Reserve to raise interest rates faster than expected, despite a stabilized labor market.
Renaissance Macro Research economist Neil Dutta tells Bloomberg This Weekend that the US labor market has stabilized while persistent inflation could force the Federal Reserve to raise interest rates at a faster pace than investors currently expect. Speaking with hosts David Gura and Christina Ruffini, Dutta says rising food and energy costs risk pushing inflation expectations higher and argues inflation remains the more pressing side of the Fed’s dual mandate. (Source: Bloomberg)
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