FED CHAIR WARSH SIGNALS LIKELY SEPTEMBER RATE HIKE AT JACKSON HOLE

Federal Reserve Chairman Kevin Warsh indicated a high probability of an interest rate increase at the central bank's September 15-16 meeting, citing financial conditions that are not restrictive. Speaking at the Jackson Hole symposium, Warsh said he was unconvinced by recent inflation data, shifting the Fed's stance toward a presumption of hiking unless upcoming data suggests otherwise. In response, firms like Barclays and Société Générale have revised their forecasts to include rate hikes in both September and December.