Will the Fed be forced to hike faster and higher?

Goldman says so:

Marina Grushin: Welcome to the Top of Mind podcast. I’m Marina Grushin. Inflation worries and rising rates were among several factors that jolted equity markets out of complacency earlier this month. Yet equities have largely looked through last week’s upside surprise in core CPI, which increased at the fastest pace in 12 years. Goldman Sachs economists see this as part of a rebound in inflation that will continue alongside quarterly Fed hikes. So how easily will risk assets digest these developments over the coming weeks and months?

Joining us today to discuss the inflation path and the risks around it is David Mericle, Goldman Sachs senior US economist.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.