Next Fed move could push rates higher -CIO

STORY: With "the economy dealing with 20% price increases over the last three to four years, the Fed may need to raise rates in order to bring inflation down, even to touch the 'two handle', let alone get to 2%. So we could see that if if unemployment still stays under 4(%). If inflation is at, call it 3 1/2(%) in three, four, five months from right now when the election occurs, we could see that next move up towards a 5 1/2 or even a 6% on the short end," said Weinand.