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Fed Hikes Rates: Redline And Full Highlights
Right, so the Fed didn't get the most favorable setup for a hike.
This morning's CPI and retail sales data were disastrous, missing across the board. Core CPI printed just 1.7% Y/Y or, the lowest since May 2015:
That only added to the debate about whether the FOMC should focus on inflation or the ostensibly overheating labor market when deciding how fast to normalize policy. Zeroing in on inflation as an excuse to hold off on tightening risks running the economy hot and falling behind the cu
