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Business & Finance

CPI ‘Opens the Door More’ to October Fed Hike, Says PGIM’s Sockin

Bloomberg Markets Wednesday 14 October 2026, 13:22 UTC 1 min read
Key Points

Oct 14th, 2026 CPI ‘Opens the Door More’ to October Fed Hike, Says PGIM’s Sockin Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that “the broader direction is up” for interest rates even if the Federal Reserve does not move at this month’s meeting.

Oct 14th, 2026 CPI ‘Opens the Door More’ to October Fed Hike, Says PGIM’s Sockin Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that “the broader direction is up” for interest rates even if the Federal Reserve does not move at this month’s meeting.
PGIM (ORG) Sockin Robert Sockin (PERSON) US (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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