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Fed Rate Hike Odds Surge as Warsh Weighs September Move

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Fed Chair Kevin Warsh faces mounting pressure to deliver a 25 basis point rate hike in September after hawkish Jackson Hole remarks.
  • Rising market expectations for tighter monetary policy to curb persistent inflation continue to lift Treasury yields ahead of key U.S.
  • midterm elections.
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