RBC Economists Say October CPI Puts Fed Rate Hike on Table
RBC Capital Markets economists say the October U.S. CPI report all but confirms their expectation that another Federal Reserve rate hike is under consideration.
The October U.S. CPI inflation report "all but confirms" RBC Capital Markets' expectation that another interest-rate hike by the Federal Reserve is on the table, its economists say in a note. Still, the question remains, will additional hikes be effective in bringing inflation back down? the econom…