Pimco economists Tiffany Wilding and Allison Boxer, joining their counterparts at Jefferies, said August’s consumer-price index report points in favor of a fed funds rate target that should end up higher than where many expected. They said they expect the Federal Reserve’s forecasts to be adjusted up to a 4.5% terminal fed funds rate next week, and called the August CPI data “scorching.” In particular, they said that “stickier and broader based inflation argues that the Fed has more work to do.” Stocks remained sharply lower after the release, with Dow industrials DJIA,
US 30 analysis: after reaching an all-time high, the index still has the potential for further growth
The US 30 stock index reached another all-time high and will likely be poised for further growth, supported by investor confidence in anticipated US Federal
