Natixis Economist Sees One More Fed Rate Hike

Christopher Hodge, chief US economist at Natixis, anticipates inflation will ease and core CPI will be softer than forecast, predicting one final Fed rate hike in December. Conversely, US Treasuries slumped following hotter-than-expected inflation data. This surge in inflation has led traders to increase their bets that Federal Reserve officials will raise interest rates later this month and throughout next year, reflecting conflicting views on the trajectory of the current tightening cycle.