Capital Economics believe that oil-driven inflationary pressure is sustainable, and a single interest rate hike is not enough to rebuild the credibility of the Federal Reserve.
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- smile000·09-14 17:14Credibility probably comes more from forward guidance than one hike now. If energy keeps feeding core, the market may care more about the reaction functionLikeReport
- LanlanCC·09-15 10:35if it does not increase the rates, I expect the index could rallyLikeReport