Fed Chair Warsh signals hawkish stance at Jackson Hole, lifting rate-hike odds for September
Fed Chair Kevin Warsh delivered remarks at Jackson Hole that analysts interpreted as hawkish, lifting market odds for a rate increase at the Federal Open Market Committee’s September meeting, according to CNBC.
The speech may position the Fed at odds with the Treasury Department, per analyst commentary. Stock index futures remained flat following the remarks, according to MarketWatch.
Sources: MarketWatch, CNBC
This article is for information only and is not financial advice.
What the market did
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