Traders price 67% odds of a September Fed rate hike after Warsh
What's new: July hike odds jumped to about one-in-three, while stocks initially fell and 2-year Treasury yields surged.
Bloomberg, MarketWatch
What's new: July hike odds jumped to about one-in-three, while stocks initially fell and 2-year Treasury yields surged.
What's new: Fed projections showed nine officials expect at least one rate increase by the end of 2026.
What's new: Traders sharply reduced odds of a June cut and priced in roughly a 70% chance of a hike by late 2026.
Earlier: US adds 172,000 jobs in May, pushing Fed rate cuts further backSeries: United States · May 2026 Jobs Report · 4 chapters since Jun 5