US rate-hike expectations jumped sharply after Fed Chair Kevin Warsh’s Jackson Hole speech, with traders pricing a 57% chance of a September hike. Goldman Sachs, however, expects rates to remain unchanged, while warning that hotter-than-expected inflation data could alter the outlook. Here’s what markets and economists are saying.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation