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Federal Reserve Chair Kevin Warsh faces pressure to raise interest rates
The U.S. Federal Reserve has held interest rates steady during its first meeting under Chairman Kevin Warsh, while projecting a potential rate hike by the end of 2026.
Pressure on the central bank to raise rates has intensified following data from the U.S. Bureau of Labor Statistics showing that core Consumer Price Index (CPI) rose 0.3% in August. This increase, which excludes food and energy, exceeded forecasts and has led market participants to adjust expectations. The probability of a rate hike at the upcoming September 15-16 meeting has surged to over 85%, up from approximately 70% the previous day.
Financial institutions including JPMorgan Chase and TD Bank have updated their forecasts toward rate hikes. During a previous address at Jackson Hole, Warsh noted that underlying inflation trends have not improved significantly, suggesting more work is required to return inflation to the 2% target.
Entities
Federal Reserve · Harris Kupperman · JPMorgan Chase · Kevin Warsh · Stanley Druckenmiller · TD Bank · U.S. Bureau of Labor Statistics
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Market probability for a rate hike at the September 15-16 meeting rose to over 85%. cafebiz.vn · cafef.vn
- [○ 1 SOURCE] The Federal Reserve projected an interest rate hike by the end of 2026. bitcoinethereumnews.com
- [● 2 SOURCES] Core CPI rose 0.3% in August month-over-month. cafebiz.vn · cafef.vn
- [● 2 SOURCES] Kevin Warsh stated that underlying inflation trends have not improved significantly. cafebiz.vn · cafef.vn
- [○ 1 SOURCE] The Federal Reserve held interest rates steady at its first meeting under Kevin Warsh. bitcoinethereumnews.com