Fed Rate Hike Probability Jumps to 65% After Warsh Speech

Fed rate-hike probability surged to 65% following Warsh's speech, reshaping near-term rate expectations.

What changed

Markets repriced the Fed path after the speech. Borrowing costs, housing, and equity valuations all adjusted quickly to the higher-hike scenario.

How to position

Watch Treasury yields, credit spreads, and Fed speaker commentary. Expect volatility until the next meeting.