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 yie

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.