Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September, a shift driven by renewed inflation worries fueled by a surge in oil prices. New Fed Chair Kevin Warsh's firm stance against high inflation has bolstered these expectations. This development occurred amidst quiet trading, with US markets closed for a holiday.
Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September. This expectation stems from renewed inflation worries, fueled by a surge in oil prices. Fed Chair Kevin Warsh's firm stance against high inflation has further solidified…
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