Uh-Oh! The Probability of an FOMC Rate Hike Within the Next Year Is Soaring.
New Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) may be forced to tackle rapidly rising inflation.
Uh-Oh! The Probability of an FOMC Rate Hike Within the Next Year Is Soaring.
Overview
Earlier this month, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) blasted to record highs. However, the performance of Wall Street's major indexes doesn't always reflect underlying economic uncertainty.
Inflation poses a real risk to the U.S. economy and Wall Street – and it's something new Fed Chair Kevin Warsh may be forced to tackle early in his tenure.
Kevin Warsh being sworn in as Fed chair. Image source: Official White House Photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.
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