economy
Hawkish Kevin Warsh hints Fed will raise rates if inflation does not fall soon
Wall Street cranks up bets on September increase in borrowing costs following central bank chair’s Jackson Hole address
TL;DR
- Wall Street is increasing bets on a September interest rate hike.
- This surge in bets comes after the central bank chair's speech at Jackson Hole.
- The market is now anticipating a rise in borrowing costs.