Rosenberg expects the Federal Reserve to raise rates hawkishly at the December 9 meeting.

The head of the market strategy research firm Rosenberg Research, David Rosenberg, believes that the Federal Reserve's upcoming stance will become more “hawkish.” He pointed out that the Federal Reserve is still battling the “specter” of runaway inflation after the COVID-19 pandemic, and this factor will influence its current policy decisions. Rosenberg wrote: “The Federal Reserve is still brooding over its failure to correctly assess inflation as ‘transitory’ during 2021-2022. Considering that the Federal Reserve is closely monitoring the lagging effects of energy prices feeding through to other components of the CPI and focusing on the ‘breadth’ indicators of inflation, we have every reason to expect that at the December 9 meeting, the Federal Reserve will take a ‘hawkish rate hike’ action.”