Why the Federal Reserve should hike rates next week
The Fed cannot know the exact path of inflation, but the potential cost of an energy-driven surge in prices outweighs the cost of a modest preemptive hike.
Overview
The Fed cannot know the exact path of inflation, but the potential cost of an energy-driven surge in prices outweighs the cost of a modest preemptive hike.
Source
Originally published at www.cnbc.com.
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