Ned Davis Research: Fed Has Reason to Hike by September, But Data and Inflation Expectations Also Support Hold

According to Ned Davis Research chief macro strategist Joe Kalish, reported by Jin10 on July 29, the Federal Reserve will likely raise rates by September, making this week's meeting crucial. With market pricing already reflecting a rate hike this year, Kalish argued for a near-term increase to strengthen the Fed's independence and credibility. However, he acknowledged that maintaining rates has merit too, citing recent inflation data and stable inflation expectations as supporting factors for a hold.
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