September Fed decision is now a coin flip as rate hike odds increase post Warsh
Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.
Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.
BELLINGS Intelligence Score: 72
Why it matters
The increased odds of a September Fed rate hike following Chairman Warsh's hawkish Jackson Hole speech represent a significant monetary-policy signal that could materially shift market expectations for interest rates, impacting borrowing costs and credit conditions across sectors.
Sources
CNBC
September Fed decision is now a coin flip as rate hike odds increase post Warsh
Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.
Commercial Observer
Kevin Warsh Notes Inflation Concerns But Offers No Clues as to Next Fed Decision
New Federal Reserve Chairman Kevin Warsh did not tip his hand Friday about whether an interest rate hike is on the horizon but did voice concerns about a continued trend of higher inflation. “I stand here today committed to a discipline, not to a decision,” Warsh said in…