As Wall Street shifts expectations towards a Fed rate hike, the White House turns up the pressure on Warsh’s central bank

As Wall Street shifts expectations towards a Fed rate hike, the White House turns up the pressure on Warsh’s central bank

"High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen!" Trump wrote on Truth Social.

White House ups pressure on Kevin Warsh's Fed as Wall Street expects hike

Surprisingly healthy employment data has tipped expectations for a rate hike at the Federal Open Market Committee’s (FOMC) meeting higher this week, with interest rate traders now placing the likelihood at 58.4%. According to CME’s FedWatch, nearly 60% of investors are betting on a 25bps hike to…