Institution: Pressure Increases on Fed to Raise Interest Rates

Odaily Odaily Planet Daily News Anthony Willis, a senior economist at Tianli Investment, stated in a report that as U.S. inflation remains significantly above target while the economy and labor market continue to show resilience, pressure on Federal Reserve policymakers to tighten policy has increased. Willis said: "However, policymakers may be willing to temporarily overlook the impact of the recent surge in oil prices until the effects on inflation become clearer."

Nevertheless, the broader direction is clear: under [Warsh's] leadership, the Federal Reserve is adopting a more hawkish stance. The market currently estimates a 38% probability of a Fed rate hike on Wednesday and has fully priced in the possibility of a rate hike in September. (Jin Shi)