Lates News

Jefferies global economist Mohit Kumar said in a report that the Fed is expected to hike rates this week, and views Warsh's comments as key. "We expect the Fed to hike, but Warsh's comments on the future policy direction will be key," he said. Regarding further rate hikes, Jefferies believes the Fed will actually deliver fewer than the 3.5 hikes priced in by the forward market. "From a credibility standpoint, the first hike may be necessary, but subsequent hikes will depend on how long the war lasts and how oil prices move," Kumar said.