Warsh's Debut Sparks Surge in Hike Bets

Traders piled into betting on interest-rate hikes as soon as next month after Federal Reserve Chairman Kevin Warsh clear the central bank won’t tolerate high inflation. The hawkish message was...

By Bloomberg Markets · Bloomberg Markets

Traders piled into betting on interest-rate hikes as soon as next month after Federal Reserve Chairman Kevin Warsh clear the central bank won’t tolerate high inflation. The hawkish message was driven home by the projections of individual Fed members. Bloomberg's Alister Bull reports. (Source: Bloomberg)