Possible Fed Rate Hike, Chairman Warsh's Comments Awaited This Week
Dow Jones
1 hour ago
0553 GMT - Jefferies expects an interest-rate hike by the Federal Reserve this week and sees comments from Chairman Kevin Warsh as key, says global economist Mohit Kumar in a note. "We expect a hike from the Fed, but comments from Warsh about the future direction of policy would be key," he says. Regarding further hikes, Jefferies believes that the Fed will deliver less than the forwards which anticipate 3.5 rate hikes, including a possible one this week. "The first hike may be required from a credibility perspective," Kumar says. "But subsequent hikes will depend on how long the war lasts and the oil prices."
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