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Inflation isn't going away. Here's what that means for interest rates.

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Cite

Cerullo, M. (2026, November 13). Inflation isn't going away. Here's what that means for interest rates. CBS News. https://www.cbsnews.com/news/interest-rates-federal-reserve-inflation/

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CBS News · collected 2026-11-13 · by Megan Cerullo

Quick Summary

Wall Street analysts and economists are predicting a series of interest rate hikes through March as the Federal Reserve attempts to combat persistent inflation. Following a Consumer Price Index that rose 0.4% in October, firms like TD Securities and BofA Global Research now forecast three consecutive 0.25 percentage point hikes because price pressures are broadening across the U.S. economy. The report highlights that these rising rates will increase the cost of borrowing for consumers, with some Fed officials even suggesting a larger 0.50 percentage point increase in December to maintain credibility.
Written by AI on 2026-11-14, from this article's own text only (the story summary below draws on all the coverage).

Compared with similar articles

This article reads unscored and hedges 36% of its claims. Each row says how that neighbour differs.
Evening Standard
Hedges 1 of 15 claims Outlet record 64/100
“The articles discuss different central banks' actions and forecasts (Bank of England vs. Federal Reserve) and refer to different time periods and policy decisions.”
The Sydney Morning Herald
Leans strongly right Hedges 5 of 45 claims Outlet record 61/100
“While both articles discuss the Federal Reserve's likely interest rate increases due to inflation concerns, they refer to different time frames and specific details, indicating different stages of the same broader situation.”
Rate Hike? Different event
Reason
Hedges 5 of 37 claims Outlet record 67/100
“While both articles discuss the likely increase in interest rates due to rising inflation, they are from different dates and provide different analyses and forecasts from various economists and analysts.”

Story

Inflation isn't going away. Here's what that means
Other · 1 article(s) covering the same event.
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
14
sentences that state something as happening or true
Uncertain
36%
5 of 14 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
68/100
CBS News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Other
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-14 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

CBS News · 5442 article(s) · 9 correction(s) detected
Running correction rate · 9 correction(s)

Who wrote this

Megan Cerullo
42 article(s) here · 1 carrying a prediction
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Analysts at TD Securities also predict three straight quarter-point hikes, up from their previous forecast of two, because hotter inflation signals that price pressures across the U.S. are broadening.
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Also by Megan Cerullo
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 42 articles by Megan Cerullo →

Topics

BofA Global Research Fed TD Securities The Federal Reserve U.S.

Subjects

Fed ORG · 4× Daco PERSON · 2× TD Securities ORG · 2× U.S. GPE · 2× Aditya Bhave PERSON · 1× BofA Global Research ORG · 1× CBS News ORG · 1× EY-Parthenon ORG · 1× Gregory Daco PERSON · 1× The Federal Reserve ORG · 1×

Narrative

Aditya Bhave, a U.S. economist with BofA Global Research, expects monetary policymakers to raise the Fed's benchmark rate by 0.25 percentage points at each of the central bank's next three meetings in December, January and March.
framing: mixed · carried by 1 article(s) · first seen 2026-11-14
Analysts at TD Securities also predict three straight quarter-point hikes, up from their previous forecast of two, because hotter inflation signals that price pressures across the U.S. are broadening.

Claims (14 extracted, 5 hedged)

The Federal Reserve is likely to accelerate the pace of interest rate hikes to rein in , according to a growing number of Wall Street analysts. uncertain
Reserve → accelerate → analysts
Aditya Bhave, a U.S. economist with BofA Global Research, expects monetary policymakers to raise the Fed's benchmark rate by 0.25 percentage points at each of the central bank's next three meetings in December, January and March. asserted
policymakers → expect → December
Analysts at TD Securities also predict three straight quarter-point hikes, up from their previous forecast of two, because hotter inflation signals that price pressures across the U.S. are broadening. asserted
pressures → predict → U.S.
The latest Consumer Price Index showed that inflation r in October, climbing 0.4%."Inflation is not trending in the right direction," TD Securities said Friday in a note to investors. asserted
Securities → show → investors
"The October report not only surprised our own forecast, it was also not driven by a particular factor or two as had been the case in recent reports. asserted
it → surprise → reports
Price pressures appear to be broadening. asserted
pressures → appear → ?
" Hotter inflation in October was the third straight month that prices have risen faster than expected amid supply constraints and ample economic demand, according to EY-Parthenon chief economist Gregory Daco, who is penciling in rate hikes for December and January. uncertain
who → rise → December
"For any borrower, this will mean a high cost of borrowing for any type of consumer loan people take out," Daco told CBS News. asserted
Daco → mean → News
"A higher federal funds rate trajectory will generally mean higher long-term interest rates and increase the cost of borrowing for consumers across the country." asserted
trajectory → mean → country
Interest rate traders put the odds of a quarter-point hike at the Fed's next meeting on Dec. 8-9 at nearly 90%, and also see a better-than-even chance of another such hike at the Jan. 26-27 gathering, according to CME FedWatch. uncertain
traders → put → FedWatch
Some Fed officials themselves have said tightening may need to be more aggressive to bring inflation in line with their 2% annual target. uncertain
tightening → say → target
At a conference in London on Tuesday, Fed Governor Christopher Waller said policymakers should consider a 0.50 percentage-point increase in December, adding that a smaller hike "would put our credibility at risk." asserted
hike → say → risk
High energy prices continue to drive inflation, along with robust corporate spending on data centers and other equipment for powering AI. asserted
prices → continue → AI
"Together, these forces could keep inflation elevated into 2027 and weigh further on household purchasing power," Daco said in a report. uncertain
Daco → keep → report
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