Fed's Hawkish Chorus Grows Louder

The article reports that bond traders and Federal Reserve Chairman Kevin Warsh agree the central bank's fight against inflation remains far from over. A Labor Department report showed US consumer prices in June experienced their first monthly drop since 2020, which initially brought relief to financial markets. Investors rapidly unwound bets that the Fed might start raising interest rates later this month. However, Rob Sockin, Chief Economist at PGIM, outlines his base case of three rate hikes in 2026, indicating persistent hawkish expectations despite the temporary disinflationary data.

First published Aug 4, 01:55 PM UTCUpdated Jul 21, 03:04 PM UTC1 reports · 1 sources

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Fed's Hawkish Chorus Grows Louder

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Fed's Hawkish Chorus Grows LouderYahoo FinanceWesternJul 21, 03:04 PM UTC

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Federal Reserve Kevin Warsh