Carmignac investment committee member Kevin Thozet said US inflation remains materially above the Fed's 2% target and, on economic data alone, another rate hike would not be unreasonable. He expects the Fed to leave rates unchanged on Wednesday, citing tighter financial conditions—equity volatility and nascent stress in peripheral credit markets—as the rationale for a pause, while noting a pause does not necessarily imply a shift toward easier policy.

2026-10-28

Carmignac investment committee member Kevin Thozet said US inflation remains materially above the Fed's 2% target and, on economic data alone, another rate hike would not be unreasonable. He expects the Fed to leave rates unchanged on Wednesday, citing tighter financial conditions—equity volatility and nascent stress in peripheral credit markets—as the rationale for a pause, while noting a pause does not necessarily imply a shift toward easier policy.