Bar to U.S. Fed rate hike this week remains high even as markets see a chance - BNN Bloomberg
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Article Excerpt
The bar for a U.S. Federal Reserve interest rate hike this week is likely higher than reflected in rate futures markets, not only due to cooler-than-expected inflation data and another lull in hostilities between the U.S. and Iran but also because markets will view a single increase as signalling more moves are coming.
Going into the July 28-29 policy meeting, just the second one led by Fed Chairman Kevin Warsh, the U.S. central bank had left its benchmark policy rate unchanged in the 3.50 per cent-3.75 per cent range since December. The probability for a hike this week, as reflected in rate …
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Jul 28, 2026