The economic crystal ball foresees another Fed rate hike

<p>The latest measure of the Federal Reserve&#8217;s preferred gauge of inflation is out today, and it showed a considerable tapering in rising prices. But according to FHN Financial Chief Economist Christopher Low, the economic tea leaves are still saying that America&#8217;s central bank will likely hike rates again when its top interest rate-setting committee meets next month. Plus, we chat with Zanny Minton Beddoes, editor-in-chief of The Economist, about the news magazine&#8217;s recent edition highlighting the U.S. economy&#8217;s surprising long-term overperformance. And, what the latest rounds of layoffs at Gap Inc. say about the retail sector.</p>