Fed Faces Market Eager For Last Hike

Backing away from the inflation fight too soon would be a recipe for disaster. That's according to Tom Barkin, who spoke Wednesday following what might fairly be described as the first convincing evidence of disinflation the Fed has seen this cycle. June's US CPI report, and particularly signs of progress on key "supercore" measures, presented the Fed with a new communications challenge -- namely, convincing markets not to get ahead of themselves. The dollar's precipitous drop conjured memori