The Federal funds rate has felt upward pressure for the last few days.

"The most basic source of upward pressure on interest rates is the market itself."

The upward pressure is coming largely from services, like medical care.

But so far, the upward pressures are more imagined than real.

But there is growing evidence of upward pressure on wages and prices.

So over time there is going to be upward pressure on energy prices.

That has added to the upward pressure on interest rates.

And he also argued that there was likely to be little upward pressure on pay, the chief business cost.

The shift is putting upward pressure on American interest rates.

That will put upward pressure on the budget for many years to come.