Inflation may be on the rise, but it will need to rise a lot more for the Federal Reserve to raise rates again, jdlahart explains WSJWhatsNow
The only thing that seems likely to get the Federal Reserve to raise rates again is a lot more inflation. Until that happens, it will be giving investors a green light to buy stocks and other risky assets. Similar occasions have had very unhappy endings.
The Labor Department on Wednesday reported that core consumer prices, which exclude food and energy items to better track inflation’s trend, were up 2.3% in October from a year earlier. That was a bit less than September’s on-the-year gain of 2.4%, but it is significantly...
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