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Markets Price in a September Fed Hike After Warsh's Jackson Hole Speech
After the Jackson Hole speech, expectations for a rate hike at the Fed’s Sept. 15-16 meeting rose sharply, though there is no consensus on the data path ahead.
Warsh Signals Rate Hike Remains in Play at Jackson Hole
Fed Chair Kevin Warsh reiterated the 2% PCE target and signaled that a tighter move could come in September if price pressures stay elevated.