By Ann Saphir
SAN FRANCISCO, Jan 12 (Reuters) - A sharp rise in underlying inflation last month was not enough to convince at least one Federal Reserve policymaker that further interest rate hikes will soon be needed to keep a lid on rising prices.
A government report Friday showed core U.S. consumer prices rose the most in 11 months in December, bolstering expectations that inflation will accelerate this year. "I, for one, need to see more data," Minneapolis Federal Reserve Bank President Neel Kashkari said on Twitter, pushing back on the idea that inflation gains will convince Fed policymakers that inflation is on the upswing.
After the report, traders of short-term rate futures boosted bets the Fed will raise rates this year, and the yield on the two-year U.S. Treasury rose.
Kashkari, one of two Fed policymakers to dissent on last month's Fed decision to raise interest rates, is the only Fed policymaker who uses Twitter regularly to signal his policy views.
(Reporting by Ann Saphir Editing by Chizu Nomiyama)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.