Marketplace · Monday, August 31, 2026
According to Dan North of Credit Suisse, market expectations align with the Federal Reserve's potential interest rate hike. North believes that without a rate increase, the Fed will struggle to reach its 2% inflation target, which has been notably persistent.
“There's been no progress on inflation. We're right back to where we were before the war started.”
“The PCE price index is nowhere near the Fed's 2% target.”
“Without an interest rate hike, you're gonna have a hard time reaching that. We're still quite a ways from it. And it's been very, very sticky. An interest rate hike is certainly warranted.”