Jefferies: Fed Expected to Hike Rates This Week, Warsh's Comments in Focus

BlockBeats news, September 14 - Jefferies global economist Mohit Kumar said in a report that he expects the Federal Reserve to raise interest rates this week, and considers Warsh's comments to be key. He said: "We expect the Fed to hike, but Warsh's comments on the future policy direction will be key."

Regarding further rate hikes, Jefferies believes the Fed's actual actions will be less than the 3.5 rate hikes expected by forward markets. Kumar said: "From a credibility perspective, the first hike may be necessary, but subsequent hikes will depend on how long the war lasts and the trajectory of oil prices."