Carson Group chief market strategist Ryan Detrick said the Fed's decision to hold rates was in line with expectations but the key issue is how much upward pressure there will be at the September meeting. He noted US inf remains elevated and global oil prices have jumped, and markets largely expect the next hike could come in September. At the same time Detrick cautioned against ignoring recent positive inf signals: housing, apparel and auto price increases slowed last month, suggesting some easi

Carson Group chief market strategist Ryan Detrick said the Fed's decision to hold rates was in line with expectations but the key issue is how much upward pressure there will be at the September meeting. He noted US inf remains elevated and global oil prices have jumped, and markets largely expect the next hike could come in September. At the same time Detrick cautioned against ignoring recent positive inf signals: housing, apparel and auto price increases slowed last month, suggesting some easing of inflationary pressure. The mix of still-high inf and rising oil versus recent price improvement places the Fed in a difficult policy trade-off.