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Warsh's hawkish stance reignites expectations of rate hikes: the probability of a September rate hike rises to nearly 60%, with two rate hikes potentially occurring before March 2027.

Warsh's hawkish stance reignites expectations of rate hikes: the probability of a September rate hike rises to nearly 60%, with two rate hikes potentially occurring before March 2027.

Federal Reserve Chairman Warsh's speech at the Jackson Hole symposium on Friday reignited market bets on a Fed rate hike. While Warsh did not provide direct policy guidance for the September meeting, he made it clear that policymakers must be convinced that underlying inflation is falling "clearly