The consensus among economists is that inflation in the US fell dramatically last month. But that might not be enough to convince the Fed to desist from a rate hike later this month. The forecast also sees core inflation remaining high. The dollar could remain strong as investors keep pricing in more action from the Fed. There is a near-unanimous consensus that the FOMC will vote to raise rates one more time at the July meeting. It would take a pretty large miss of expectations to dislodge that consensus. Where debate remains is on what will happen in September. More immediately, it could affect what the Fed signals ... (full story)