Forex
Warsh's Rate Hike Decision Hangs in Balance of August Inflation Report
The upcoming inflation report on August 12 could determine whether Federal Reserve Chair Kevin Warsh supports a September rate hike, according to unnamed sources.
The report comes as oil prices surged approximately 21% in July after renewed fighting involving Iran disrupted energy markets, potentially lifting consumer inflation broadly.
Long-term inflation swaps still imply an average inflation of 2.4%, and 30-year Treasury yields hover near 20-year highs, signaling persistent market concern over inflation.