CME FedWatch data on Aug. 7 put the odds of a 25-basis-point Federal Reserve rate hike at September's meeting at 56.5%, with the probability of holding rates steady at 43.5%. The reading follows a Financial Times report citing people familiar with the matter who said Kevin Warsh is prepared to raise rates at the September meeting if inflation data due in the coming weeks proves strong and expectations for higher borrowing costs keep climbing.
Fed rate-hike odds for September have moved past the coin-flip mark. CME FedWatch data on Aug. 7 put the probability of a 25-basis-point increase at 56.5%, versus 43.5% for holding rates steady.
The reading follows a Financial Times report in which people familiar with the matter said Kevin Warsh is prepared to raise rates at the September meeting — provided inflation data due in the coming weeks comes in strong and market expectations for higher borrowing costs climb in tandem.
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