Bloomberg: Economists expect the Federal Reserve to hold off on raising interest rates until November or December due to poor performance of core CPI in September.

According to a BlockBeats report on September 13th citing Bloomberg, Kathy Bostjancic, the Chief Economist of Nationwide Life Insurance Co., stated that "the core CPI in September is somewhat disappointing. This will keep the Federal Reserve vigilant and indicate that there may be rate hikes in November and December." Rubeela Farooqi, the Chief U.S. Economist at High Frequency Economics, stated that "the data released today supports a pause in rate hikes for September. However, the Federal Open Market Committee (FOMC) is unlikely to declare victory until further evidence shows improvement towards the 2% target. If necessary, they will continue to remain open to further rate hikes."