Fed Chair Kevin Warsh under presssure to hike rates
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The SPDR Gold Shares (NYSEMKT: GLD), an exchange-traded fund (ETF) that is backed by spot gold, closed 18% below its Jan. 29 all-time high on Sept. 8. If Warsh fails to regain the market's belief in the Fed's resolve in the fight against inflation, expect the price of gold to rise further.
1don MSN
Wall Street thought the Powell hike was over. Now Kevin Warsh has his 'back against the wall'
Hotter inflation, above $100 oil and a 10-year Treasury yield flirting with 5% have put another round of rate hikes back on the table.
Arkansas Public Advocate on MSN
Kevin Warsh’s Fed has Wall Street questioning its inflation credibility — 3 reasons Sept. 16 could matter for your money
Federal Reserve Chair Kevin Warsh’s July decision to hold rates steady triggered doubts about how aggressively the new Fed would fight inflation. Since then, hotter data and rising bond yields have shifted the question: not whether markets are uneasy,
Goldman Sachs chief economist Jan Hatzius keeps it real on the Fed.
2don MSN
Exclusive: Kevin Warsh’s hawkishness is a ‘distraction from his dovishness,’ Truflation CEO says
Truflation CEO Stefan Rust told Benzinga on Monday that Federal Reserve Chair Kevin Warsh’s hawkishness is a "distraction from his dovishness," predicting no rate hike at next week’s meeting. Asked what could force Warsh to raise rates,
Traders in federal funds futures now see roughly an 85% to 90% probability of a quarter-percentage-point rate increase at next week’s meeting, according to the CME Group’s FedWatch gauge. The central bank has held its policy rate in a range of 3.5% to 3.75% since January.
President Donald Trump had a clear goal when he appointed Kevin Warsh to lead the Federal Reserve: lower interest rates to spur economic growth. Now Warsh has signaled that the Fed could raise rates to rein in rising prices,
Friday’s hotter-than-expected core inflation report has put a Federal Reserve rate hike firmly in play, leaving investors with a more useful question: which stocks could benefit if Chair Kevin Warsh delivers next week?
Ahead of the September FOMC meeting, we asked University of Chicago economist Randy Kroszner WWKWD: “What will Kevin Warsh do?”