HOT INFLATION DATA POINT TO ANOTHER FED RATE HIKE IN DECEMBERNorthlight Asset Management's Chris Zaccarelli expects the | Hanami
HOT INFLATION DATA POINT TO ANOTHER FED RATE HIKE IN DECEMBER
Northlight Asset Management's Chris Zaccarelli expects the Fed to raise interest rates by 25 basis points in December, following another hotter-than-expected inflation report.
He believes the Fed will hold rates at its October meeting, partly because of its proximity to the U.S. midterm elections.
Despite rising rates, Zaccarelli expects stocks to remain resilient, although election-related uncertainty could trigger short-term volatility.