To expect the Fed to hold rates at current levels or just a quarter - point higher, in the face of those inflation figures, would seem to be asking a lot. (hussmanfunds.com)
If the fed raises and there IS inflation then that is the point where we see rates go way up in the face of that inflation. (ritholtz.com)
Argentines buy dollars not just to pay for imports, but in order to defend their savings in the face of inflation. (blog.politics.ox.ac.uk)