πΊπΈ Fed hawks push September hike odds to 60% as payrolls shrink
The day in view
πΊπΈ Fed hawks push September hike odds to 60% as payrolls shrink
Fed Chair Kevin Warsh's Jackson Hole speech pushed September rate-hike odds from 35% to roughly 60%, even as July payrolls fell by 23,000 and prior months were revised down a combined 103,000. Three Fed policymakers now want a hike despite the softening labor market.