Moskow Signals: More Hikes On The Way.
The inflationary environment evidenced in energy and raw materials costs has yet to make its way into the consumer economy. Further interest rate tightening is clearly required to throttle demand side cost increases and limit liquidity driven speculation. Although interest rates and prices will both eventually have significant impact on the consumer side of the economy, price stability is the fed's mandate, and further rate increases are their main tool to promote that goal.
Who cares about overshooting these days anyway!
Reuters Article via Yahoo
Who cares about overshooting these days anyway!
Reuters Article via Yahoo
