[Capital Economics: Fed Rate Hike Is a Matter of When, Not If] Jin10 News, July 14 – Although the June CPI data may provide some relief to the market, some economists still predict that the Federal Reserve will raise interest rates this year. Stephen Brown, Chief North America Economist at Capital Economics, wrote that the artificial intelligence investment boom and the recovery in consumer demand will continue to push core inflation above target levels. We believe that a Fed rate hike is a matter of when, not if.