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Fed Chair Warsh's Hawkish Shift Boosts Market Expectations for Rate Hike to Nearly 60% Next Month, Analyst Predicts September or October Increase
Federal Reserve Chairman Kevin Warsh's August 28 speech at Jackson Hole displayed a noticeable hawkish shift, emphasizing the need to monitor inflation and stating "We have work to do." This immediately reset market expectations in the CME Group FedWatch Tool for a 25 basis-point hike probability to nearly 60% at the next Federal Open Market Committee meeting, up from 35% on August 27. Veteran analyst Stephen "Sarge" Guilfoyle believes Warsh's comments indicate the FOMC will increase short-term interest rates either on September 16 or October 28, citing Warsh's view that inflation remains an ongoing problem.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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