Jefferies: Fed Rate Hike Expected This Week, Warsh's Comments Key

Odaily News: Jefferies global economist Mohit Kumar said in a report that the Federal Reserve is expected to raise rates this week, and that Warsh's comments will 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 moves will be fewer than the 3.5 rate hikes expected by forward markets. Kumar said: "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." (Jinshi)