Federal Reserve Chairman Warsh faces a severe test for next week's interest rate decision after the August CPI data release. The latest data shows that the US August core CPI rose by 0.3% month-on-month (above expectations), while the overall CPI rose by 0.4% month-on-month and 3.4% year-on-year. Analysts believe Warsh must choose between delivering on his previous inflation warnings and avoiding new market doubts about the central bank's control.
Previously, Warsh had repeatedly emphasized that the Federal Reserve should focus on prices and warned against over-reliance on short-term forecasts. However, some officials within the Federal Reserve, including Governor Waller, prefer to wait for more data before deciding whether to raise interest rates. In addition, Warsh also faces political pressure from US President Donald Trump to push for interest rate cuts.
Faster global financial news!
Analysis: Fed Chair Warsh's Credibility on the Line Ahead of Next Week's Rate Decision Following August CPI Data Release
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source：CNBC头条 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Multiple negative factors have triggered a "stock and bond sell-off" in the US financial market: soaring oil prices, US Treasury Secretary's buyback falling short of expectations, and Donald Trump's trillion-dollar "money-printing" promise have collectively led to a sharp rise across the board in US Treasury yields, with the 30-year yield hitting a 19-year high of 5.37%, while the stock market simultaneously declined.
-
2
Monero (XMR) Recent Pullback: Interplay of Bullish Factors and Technical Signals, Price Trend Analysis
-
3
gALGO Token Analysis: Uses and Market Status of the Liquidity Governance Token
-
4
Oracle Q1 Earnings Call: AI Hashrate Deliveries Surge, GPU Renewals See 20% Premium, Full-Year Revenue Guidance Raised
-
5
The UN envoy to Yemen warned the Security Council that the war in Yemen has entered a "more dangerous phase" after Houthi forces captured the strategic port of Mocha.
-
6
Global Major Cryptocurrency Exchanges and Apps: Registration, Trading, and Regulatory Overview
-
7
US President Donald Trump stated he does not regret launching the war in Iran and denied that US military assets were damaged in the attacks.
-
8
Cryptocurrency Trading Platforms and USDT Payments: Market Overview and Risk Analysis
-
9
South Korea's exports surged 83% year-on-year to $35 billion in the first 10 days of September, resulting in a $10.4 billion trade surplus.
-
10
Iran Claims Capture of US "Saildrone" Near Strait of Hormuz
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
