A run of strong U.S. economic data could lead to greater-than-forecasted hikes
All agreed ongoing rate increases “would be appropriate''
Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%
Wage demands could moderate with economy in “middling phase”
Prices up 5% year over year, consumer spending down 0.2% from November
However, interest rates must remain elevated "for some time," Brainard said
U.S. personal consumption expenditures up 0.1% in November from October
Central bank will either “break inflation” or “break the economy''
The monthly increase in consumer prices is the smallest since November 2021
James Bullard is a voting member of the Federal Reserve's rate-setting committee