Forecasts & opinions
The U.S. economic data showed this week that it is unlikely that the Fed will start raising its interest rates this year. Inflationary pressures remain at very low level. Only U.S. consumer price index excluding food and energy rose to 1.9% in September from 1.8% in August. It is unclear if this inflation data will be enough for the Fed's interest rate hike. Fed Governors Lael Brainard and Daniel Tarullo said this week that they would like to see clear signals that the inflation was accelerating toward the 2% target.
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