Fed Rate Hike Table Set for First Move Under Chair Warsh, Reuters Reports
Reuters reported on September 14 that the Federal Reserve under Kevin Warsh is heading into its first key rate decision of his tenure, and markets widely expect the meeting to formally launch a rate hike. The decision is a major directional signal for global capital markets, FX, emerging market capital flows and international commodities. Warsh has repeatedly voiced concern about inflation stickiness in public, and the market currently expects a hike of around 25 basis points. If the hike lands, it will mark an important directional turn for the Fed after several years of relative accommodation, with potential knock-on effects across global financial markets.