🔥 JUST IN: Fed’s Warsh Hints at Possible Rate Hike, Says Inflation Progress Not Yet "Meaningful" $HEMI
Fed Chair Kevin Warsh warned that inflation remains too high despite better summer readings, and signaled rates may need to rise if conditions don't improve more clearly. He avoided explicit forward guidance but stressed the Fed must be confident inflation is moving toward its target "at sufficient speed." Markets reacted with higher Treasury yields and increased odds of a September or year-end rate hike, with traders now pricing a 55.7% chance for September—up sharply from the day before. Warsh assured markets the Fed is committed to delivering price stability
Fed Chair Kevin Warsh warned that inflation remains too high despite better summer readings, and signaled rates may need to rise if conditions don't improve more clearly. He avoided explicit forward guidance but stressed the Fed must be confident inflation is moving toward its target "at sufficient speed." Markets reacted with higher Treasury yields and increased odds of a September or year-end rate hike, with traders now pricing a 55.7% chance for September—up sharply from the day before. Warsh assured markets the Fed is committed to delivering price stability
