Warsh warns Fed will have "work to do" if inflation persists. Investors reinforce bet on interest rate hikes
Business

Warsh warns Fed will have "work to do" if inflation persists. Investors reinforce bet on interest rate hikes

SAPO Notícias28 August 2026 at 15:44

The president of the US central bank, Jerome Powell, warned that the Federal Reserve will have "work to do" if inflation in the United States persists at current levels. Powell referred to the progress made in combating inflation as "modest", suggesting that the measures implemented so far have not been sufficient to significantly curb the rise in prices.

The investment market responded to these statements by reinforcing bets on an interest rate hike on US public debt. Currently, investors estimate at 50% the probability that the Federal Reserve will proceed with a dollar rate increase already in September, which represents an intensification of expectations for a tightening of monetary policy in the United States.

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