JPMorgan says Warsh failure to buttress Fed credibility may force a rate hike before year-end

JPMorgan's U.S. economics team moved forward their forecast for a Federal Reserve rate increase before year-end 2026, citing concerns about Fed Chair Kevin Warsh's post-decision press conference held last week. The economics team stated the press conference failed to adequately support public confidence in the Fed's policy direction. JPMorgan did not specify which aspects of Warsh's remarks prompted the reassessment of their rate outlook.

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