Fed rate path turns higher, PGIM's Sockin says

Bloomberg · 6 hours ago
  • PGIM chief US economist Robert Sockin says the US economy needs at least two more rate hikes.
  • Sockin says the broader rate direction is up even if the Fed holds at this month's meeting.
  • Sockin says the October CPI print opens the door further to an October Fed hike.

Quotes

“the broader direction is up”— Robert Sockin

Sources