Lates News

Karen Manna, the Head of Fixed Income Investments at Federated Hermes, stated: This CPI report, which met expectations, did not provide enough new information nor give the Federal Reserve a compelling reason to change its policy direction. At the same time, this report also suggests that the possibility of the Federal Reserve raising interest rates in the fourth quarter still exists. However, before taking such action, the Federal Reserve may need to see more evidence that inflation is re-accelerating.