Fed Won't Raise Rates at Next Meeting, Strategist Amoroso Says

• The strategist predicts no Fed rate hike in October, despite recent hot PPI data.
• She highlights that the 'breadth' of inflation (items running above 3% annualized) has declined from 43% to 38% on a 6-month annualized basis.
• Real-time data indicates that rental inflation is continuing to ease, which the Fed will likely consider.

Anastasia Amoroso, Partners Group chief investment strategist, believes the Federal Reserve will not raise interest rates at its upcoming October meeting, despite recent hotter-than-expected producer price index (PPI) data. She emphasizes that Fed Chair Warsh considers broader trends rather than single months of data, pointing to an improvement in the 'breadth' of inflation and easing real-time rental inflation.