Jefferies: Expects Fed to Hike This Week, Warsh's Comments Key

Odaily News: Jefferies global economist Mohit Kumar said in a report that he expects the Fed to hike rates this week and believes 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 actions will be fewer than the 3.5 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 the trajectory of oil prices." (Jinshi)