Market Talk: Mixed data will keep Fed from hiking rates, expert says
Despite markets pricing in a more than 70% chance of a rate hike next week, Anna Rathbun, CEO of Grenadilla Advisory, said conflicting economic data and already restrictive policy should keep the Fed on hold. Lisa Bernhard reports.
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Video Summary
AI GeneratedAna Rathbun of Grenadilla Advisory discusses the implications of the recent Producer Price Index (PPI) increase, its expected impact on the Consumer Price Index (CPI), and the Federal Reserve's likely approach to interest rates. The conversation also covers the psychological and financial impact of rising Treasury yields on stocks and bonds.
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