Probability of Fed Rate Hike in September Stays High After Friday's Jump

Dow Jones
3 hours ago

0554 GMT - Investors see a high probability of a Federal Reserve interest-rate hike in September following Chairman Kevin Warsh's speech at Jackson Hole last Friday. Money markets currently price a 60% probability of a hike on Sept. 16, according to LSEG data. Expectations of a hike jumped immediately after Warsh's speech, initially to around 48% and later in the session to around 57%, from around 35% on Friday morning.

 

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