Warsh Says Fed Could Have 'Work To Do' If Inflation Doesn't Trend Down. Chances Of a Rate Hike Increased.

Source: International Business Times

Chances of a rate hike increased by more than 10 percentage points after Warsh's speech, according to the CME Group's FedWatch tool. Getty Images Chances of a rate hike by the Federal Reserve increased by more than 10 percentage points on Friday after chairman Kevin Warsh's speech, according to the CME Group's FedWatch tool. Concretely, chances now stand at 45.