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.
Federal Reserve Chairman Kevin Warsh faces intense pressure to raise interest rates at next week's policy meeting after a highly anticipated inflation report showed U.S. consumer prices marched higher last month.
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.
The US will be most closely watched in the wake of a higher-than-expected core inflation reading on Friday. That stoked investor bets that Fed Chairman Kevin Warsh and his colleagues will raise their benchmark rate, probably in defiance of President Donald Trump’s wishes.
Goldman Sachs chief economist Jan Hatzius keeps it real on the Fed.
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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,
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,
Investors are heading into next week’s Federal Reserve meeting with expectations of a rate hike at their strongest levels in months after August inflation data showed that price pressures remain stubbornly high.
The Federal Reserve's Open Market Committee meets next week. But as NPR's Rafael Nam reports, Fed Chair Kevin Warsh is doing things differently. RAFAEL NAM, BYLINE: There's a big debate going on with even bigger potential consequences.
The market could be on the verge of a rate hike by the Federal Reserve, according to Jeremy Siegel, chief economist at WisdomTree. In an interview with CNBC on Thursday, Siegel suggested that the market is signaling the necessity for a rate increase.