Julius Baer Economist Says December Fed Rate Rise Is Inevitable
David Khol says U.S. inflation remains too high for the Fed, though October data showed little sign of accelerating underlying inflation momentum.
U.S. inflation remains too high for the Fed, making a further interest-rate rise at the next FOMC meeting inevitable, says Julius Baer chief economist David Khol in an email. Overall, U.S. inflation in October shows little sign of accelerating underlying inflationary momentum, he adds.
Against a ba…