The Fed has to hike interest rates this year, says SMBC's Joe Lavorgna

We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein, and the United States is being unnecessarily invaded by filthy, polluted, and unhealthy air, the quality of which is dangerous, and totally unacceptable! I will call the Prime Minister during the day to find out what they are going to do about it. The cost is incalculable! Canada has refused to engage in basic Forest Management and Debris Removal, knowing that such refusal will lead to exactly this result. This is Willful Negligence, and becoming a yearly occurrence, costing the United States Billions of Dollars, which cost of this pollution must of necessity be added to the TARIFFS Canada is currently paying. Thank you for your attention to this matter! President DONALD J. TRUMP

Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...

Fed's Hammack: Inflation is too high. The labor market is right around my level of maximum employment. Fed's Hammack: Our PCE nowcast shows core inflation at 3.3% after incorporating this weeks data. Fed's Hammack: Im hearing from conversations with business and community leaders that inflation isnt coming from only one sourceits broad-based. Fed's Hammack: At the same time, Im seeing good growth numbers and stable consumer spending. Fed's Hammack: There is no conflict in our mandate - LinkedIn Post