US Inflation At 8.3%; How Will Fed React? | India Development Debate

US consumers have continued to reel under soaring inflation as Consumer Price Index (CPI) data for August released by the US Bureau of Labor Statistics revealed that prices rose further to 8.3 percent. The August CPI print marks the sixth consecutive month of inflation remaining above 8 percent. Retail inflation has remained stubbornly high in the country despite a series of interest rate hikes by the US Federal Reserve and a fall in global energy prices. How will the Fed and global central banks react? We discuss the India Development Debate with Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC, and Paul Hickin, Director, S&P Global Commodity Insights. Tune in!