🚨FED CHAIR WARSH OPEN TO SEPTEMBER RATE HIKE!
Kevin Warsh would be prepared to raise rates at the September meeting if upcoming inflation data comes in hot, the Financial Times reports.
People familiar with his thinking say this would also require markets to push up expectations for higher borrowing costs.
BREAKING: The odds of a Fed rate hike in July collapse to a new low of 4% as US PPI inflation posts its biggest monthly drop since April 2025.
Both Headline and Core PPI inflation were also revised lower for the month of May.
Inflation expectations continue to decline.