Why is the Federal Reserve raising interest rates so quickly?
In this episode, Luke Bartholomew speaks to abrdn’s Deputy Chief Economist after the developments in the US economy and markets over the summer, and look forward to the upcoming Federal Reserve decision and mid-term elections. The Fed is gearing up for another mammoth rate hike, continuing the sharpest adjustment in monetary policy settings since the Volker era.
This continued urgency provides a pushback to markets which had been flirting with the possibility of a more cautious Fed, and comes in response to a really ugly underlying inflation reading in August.
We continue to believe that the…
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