Fed Rate Hike Bets Are Back: Is Warsh Turning Into an Inflation Hawk?
September rate hike odds jumped to 66% after Kevin Warsh's Jackson Hole speech. What he said, what BofA expects and where the bond market moved.
A Fed official gave a speech that made people think interest rates might go up in September instead of staying the same. When rates might go up, companies often borrow less and stocks can move around more, so it's worth watching what the Fed actually decides.
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