Traders are betting overwhelmingly that the Federal Reserve won’t raise interest rates when it meets later this month. B | Hanami
Traders are betting overwhelmingly that the Federal Reserve won’t raise interest rates when it meets later this month. But that judgment rests in part on assumptions about how the Fed communicates that may no longer hold under its new chairman. Kevin Warsh has left room to maneuver toward a hike, should he choose to use it.