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International Business Times
International Business Times
Business

Warsh Says Fed Could Have 'Work To Do' If Inflation Doesn't Trend Down. Chances Of a Rate Hike Increased.

US Federal Reserve Kevin Warsh Inflation CME Group FedWatch Jackson Hole
Chances of a rate hike increased by more than 10 percentage points after Warsh's speech, according to the CME Group's FedWatch tool. (Credit: Getty Images)

Chances of a rate hike by the Federal Reserve increased by more than 10 percentage points on Friday after chairman Kevin Warsh's speech, according to the CME Group's FedWatch tool.

Concretely, chances now stand at 45.7%, compared to 35.4% on Thursday. Chances that the central bank will keep rates unchanged are still above 50% clocking in at 45.7%.

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