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The Economic Times
The Economic Times
Veer Sharma

US Fed’s dual challenge: Will rising inflation and soaring bond yields force Warsh into first rate hike in 3 years?

US Federal Reserve Warsh US Fed United States Inflation Nigel Green India the US Federal Reserve Morgan Stanley US Treasury

The US central bank will announce its policy decision on Wednesday, following the conclusion of its two-day meeting. Financial markets are betting heavily that Fed policymakers will raise the benchmark rate by a quarter of a percentage point to a 3.75%-4.00% range and signal further tightening ahead.

The shift in market expectations has been striking. Barely two weeks ago, the CME FedWatch tool showed a 60% chance of a rate hike. Traders are now pricing in a 94.5% chance of a Fed rate hike. If delivered, this will be the first rate hike in over three years.

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