55% — the new CME FedWatch probability of a September rate hike after Fed Chair Kevin Warsh's hawkish Jackson Hole debut opened the door to tightening.
Warsh's Jackson Hole Debut: No Guidance, All Hawkish
Fed Chair Kevin Warsh delivered his first Jackson Hole speech Friday, and the message was unmistakable: the Fed is still in inflation-fighting mode, and a rate hike is firmly on the table.
Core PCE inflation sits at 3.3%, well above the 2%...
