Inflation Ticks Up Slightly; Fed Watching Closely But Likely On Hold For Now

Recent data shows inflation increased 3.7% year-over-year, slightly higher than expected.

The Fed may raise rates if there is more data showing upward price pressure and a resilient consumer.

Energy prices and inflation expectations need monitoring - if they push higher, the Fed may need to get more hawkish.

One more rate hike versus keeping rates high has differences, but not a full hiking campaign.

The Fed is likely on hold for now after just one meeting, but can't be fully "sidelines" until more meetings pass.