Sep. Fed rate-hike odds surge
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Fresh inflation data have made a September interest-rate cut by the Federal Reserve even harder to justify, with economists telling Newsweek they predict either a rate hold or eve
The Federal Reserve is expected to raise interest rates to fight inflation, addressing persistent price increases pushed higher by global events. Learn more.
A hotter August CPI could push the divided Federal Reserve toward a rate hike as sticky inflation, higher oil prices, and strong jobs data pressure Warsh.
Inflation is clearly moving in the wrong direction.
Kevin Warsh has chaired the Federal Reserve since 22 May, and his first Jackson Hole speech on 28 August left the market pricing something no fintech lender modelled for 2026. PCE inflation, he said,
The so-called core consumer-price index showed a rounded rise of 0.3% in August, a hotter-than-expected price increase that raises the odds of a Fed rate hike. Fed watchers have taken to drilling down into the CPI report,
The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.
The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation -- and analysts say central bank chief Kevin Warsh's credibility is on the line.