Federal Reserve

Here’s a great article from Bloomberg describing how inflation fears are causing rates to rise. It also comments on future Fed action and the steepening of the yield curve.

The Core Personal Consumption Expenditures (PCE) Index rose by 1.8% in August versus a year ago. Core PCE measures price changes in consumer goods and services, excluding volatile food and energy components.
This is the third consecutive month that year-over-year Core PCE growth has come in under 2%, significant because the Fed considers 1-2% to be [...]