Sep 16, 2026
Consumer prices rose 3.4% annually in August, unchanged from July, as the Iran war pushed gasoline and diesel prices higher. The persistent inflation increases pressure on the Federal Reserve to raise interest rates next week.
Asian markets rallied on Friday following a global stock surge after Federal Reserve Governor Christopher Waller indicated the next rate decision depends on upcoming inflation data, cooling immediate rate hike concerns. US stocks gained broadly on Thursday, with bonds finding relief and the dollar declining as investors await crucial employment figures.
Federal Reserve Chair Kevin Warsh warned at the Jackson Hole conference that inflation remains too high and suggested the central bank may need to raise interest rates in coming months, despite potential political pressure from President Trump.
Federal Reserve Chair Kevin Warsh indicated at the Jackson Hole economic symposium that the central bank may raise interest rates in the coming months, stating inflation is still too high and "we have work to do." This represents a clearer signal about potential rate hikes than Warsh had previously provided.
Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote, stating inflation is still too high and suggesting the central bank may need to raise interest rates in coming months. Markets reacted with volatility as Bitcoin fell below $80,000.
The Federal Reserve kept its benchmark rate unchanged at 3.50%-3.75% on July 29, but three policymakers voted for a 25-basis-point hike—the first three-member dissent since 2016. Markets had priced in roughly 35% odds of a surprise hike.
The Federal Reserve maintained interest rates unchanged in what is expected to be Jerome Powell's final FOMC meeting as chairman, with a split 8-4 vote creating uncertainty around future policy. Kevin Warsh cleared Senate Banking Committee approval to become the next Fed chair.