WASHINGTON (MarketWatch) - Inflation, already at the high end of the Fed's comfort level, is starting to act stubborn, said Richard Fisher, the president of the Dallas Federal Reserve Bank.
"Inflation has been on an upward tilt the past couple of years. Now, the inflation rate is near the upper end of the Fed's tolerance zone, and shows little inclination to go in the other direction," Fisher said in a speech Tuesday to the Dallas Chamber of Commerce.
Who wants to bet that there is going to be another rate hike in about 3 weeks.
Posted by BuyAtBottom on :
also market doesn't like the treasury bonds are signaling that the fixed 15/30 mortgage rates are going to being heading higher, which they are already but probably going higher very soon.