Hirtle & Co.'s CIO said September CPI shows core prices have continued rising
over the past six months, which on the margin supports a Fed rate hike in
October. He added the overall risk balance matters more — with growth strong the
FOMC can place greater weight on fighting inflation. He expects Wash understands
recent heavy selling of long-dated USTs partly reflects doubts about the Fed's
anti-inflation credibility, and therefore may judge a rate hike could help
stabilize long-term Treasury yields.
