Fed rate hike probabilities surge to 71% by October and 62% for next week's meeting, with Chair Warsh expected to hike.
Macro & Markets ·
Market pricing now reflects a 71% probability of a Federal Reserve rate hike by October, with a 62% likelihood of a rate increase at next week's meeting. Market participants are pricing in an interest rate hike as the first monetary policy move under Fed Chair Warsh.