Banks and market pricing shift toward a Fed rate hike at the September FOMC under new Chair Kevin Warsh

Citi and 16 of 20 major Wall Street banks now expect the Fed to raise interest rates at the September FOMC meeting, with FedWatch odds of a 25bps hike reported at 87-88%. The repricing follows sticky CPI, hot jobs data and surging oil, and Bitcoin saw sharp volatility as hike expectations rose.

Detected & updated continuously · Source: Nebula