Federal Reserve rate hike bets increase

Odaily News: US short-term interest rate futures fell, and market pricing showed that bets on a Federal Reserve rate hike increased following remarks by Fed Chair Warsh.

Warsh stated that forward guidance should play a limited role, and that forward-looking policy should not be based on outdated or inaccurate data. The likelihood of significantly higher economic growth is rising, and market participants should focus on real information in the economy.