$龙虾 $币安人生 $O After the comments from Kevin Warsh, traders estimate the probability of a September rate hike by the Fed at around 50%.
In addition to preparing for the possibility of two hikes in the coming months, traders also currently expect that the Fed could hike as early as the next FOMC meeting on September 16, with a probability of 50%. Ironically, Fed Chair Kevin Warsh’s more hawkish tone on Friday has successfully pushed market interest-rate expectations back to roughly the level seen after his July 29 press conference, when short-term yields had fallen.
Before Warsh’s remarks, the SOFR futures implied yields were essentially flat on the day; now they are up by as much as about 6.5 basis points. Yields on longer-maturity bonds appear to have recovered most of the earlier declines, but the impact of Warsh’s hawkish tone is proving more evident in the U.S. dollar market. EUR/USD has fallen to 1.16; the Mexican peso has returned to around 17 pesos per U.S. dollar; and the Japanese yen is nearing 160 yen per U.S. dollar.#波场主网激活TVM布拉格大阪兼容 #沃什称通胀是美联储首要关注
In addition to preparing for the possibility of two hikes in the coming months, traders also currently expect that the Fed could hike as early as the next FOMC meeting on September 16, with a probability of 50%. Ironically, Fed Chair Kevin Warsh’s more hawkish tone on Friday has successfully pushed market interest-rate expectations back to roughly the level seen after his July 29 press conference, when short-term yields had fallen.
Before Warsh’s remarks, the SOFR futures implied yields were essentially flat on the day; now they are up by as much as about 6.5 basis points. Yields on longer-maturity bonds appear to have recovered most of the earlier declines, but the impact of Warsh’s hawkish tone is proving more evident in the U.S. dollar market. EUR/USD has fallen to 1.16; the Mexican peso has returned to around 17 pesos per U.S. dollar; and the Japanese yen is nearing 160 yen per U.S. dollar.#波场主网激活TVM布拉格大阪兼容 #沃什称通胀是美联储首要关注
