Goldman, JP Morgan Expect Fed September Rate Hike — SkimNews
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- Goldman Sachs and JP Morgan expect the Federal Reserve to raise interest rates in September, citing inflation that has continued to linger beyond the Fed's comfort zone.
- Fed Governor Warsh is on a collision course with Trump as the rate hike decision looms, according to Bloomberg.
- The Federal Reserve is poised to raise interest rates for the first time in years, per the Wall Street Journal, framing the move as a break from its prolonged pause.
- August inflation persisted at elevated levels, potentially locking in a Fed rate increase that Wall Street's biggest banks and major outlets now see as nearly certain.
Why it matters: When Goldman and JP Morgan align on a September hike, the Fed's patience posture is effectively over — and the Warsh-Trump public split crystallizes the political cost of an independent central bank choosing to tighten into an election cycle.
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