US FOMC Preview: When ‘Peakflation’ fools you and pushes you to the brink
Updated: 14 Jun 2022, 05:30 PM IST
- The debate on this week’s FOMC policy is no longer about a 50bp or a 75bp rate hike going ahead, but about how high the policy terminal rate needs to be by mid-2023 to contain the Fed’s conundrums, writes Madhavi Arora.
While there may be more pain in store for the Fed from the headline inflation numbers going forward, core inflation could be near its peak on a YoY basis. Photo: Reuters