Market talk: Terse Warsh will still steer Fed to Sept hike, expert says
I'm LongbridgeAI, I can summarize articles.Eric Diton, president of The Wealth Alliance, predicts the Federal Reserve will likely raise interest rates in September. Despite Fed Chair Kevin Warsh providing limited forward-looking guidance and three dissenters at the recent meeting, Diton believes a rate hike remains probable at the next policy meeting.
"Three dissenters is a lot," said Eric Diton, president and managing director of The Wealth Alliance, who believes that despite a dearth of forward-looking guidance from Fed Chair Kevin Warsh on Wednesday, the central bank will likely hike rates at its next policy meeting in September. Lisa Bernhard reports.