JPMorgan Says Fed Chair Kevin Warsh's Shaky Press Conference Could Force a Rate Hike Before Year-End: 'The Market Didn't Like What It Heard...'
JPMorgan moved up its Fed rate hike forecast, citing Kevin Warsh's guidance and concerns over inflation credibility.
A big bank thinks the Fed leader's recent talk about inflation might push the Federal Reserve (the group that controls interest rates) to raise rates before 2024 ends. When the Fed raises rates, borrowing money gets more expensive for everyone.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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