Trump economic adviser Kudlow says slower inflation could cause Fed to slow hikes
There will be element of book talking in Larry Kudlow's comments, but nevertheless he does have a point ahead, but not for December, I reckon that is on,
National Economic Council Director Kudlow
- Federal Reserve might not raise interest rates in December
- due to softer inflation data
- "I'm reading all these Fed officials are now saying that the inflation rate is actually coming down a bit," Mr. Kudlow said. "Sounds to me like the Fed's spokespeople are signaling maybe one more rate hike in December, later this month, and maybe no more for quite some time. Or maybe they won't move this month."
WSJ with the report (gated)