Comment: Hawkish Fed

After a string of speeches by its senior staff this week, the Fed appears to be in an increasingly hawkish mood. The growing perception that that US interest rates will have to rise further could be bolstered by today's release of consumer price data for May.


A number of important Fed people made speeches this week. Amongst them were Sandra Pianalto and Richard Fisher, presidents of the Cleveland and Dallas Feds respectively, Fed Board Governor Susan Bies, and Fed

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