Inflation Sticking Around, Fed May Hike Again

JPMorgan’s chief economist Bruce Kasman is sounding the alarm: inflation is stickier than expected, and with a resilient job market and rising prices, the Fed may need to hike rates again before year’s end — flipping Wall Street’s hopes for cuts. Businesses are still booming, making inflation harder to ignore, and even after stripping out food and energy, prices remain above target. If inflation holds and hiring stays strong, investors should brace for tighter policy sooner rather than later. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a1cffaf51245260e