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Warsh faces a tough battle as markets price Fed rate hikes
Traders were pricing in a more than 92.0% probability of a rate increase and a more than 75.0% chance of another hike in December.
CNBC Economy reports that investors are watching the Federal Reserve closely as markets price in an expected interest rate hike.
According to CNBC Economy, traders were assigning a better than 92.0% probability to a rate increase, with expectations pointing to more tightening later.
The same market pricing shows a more than 75.0% chance that the Fed would deliver another rate hike in December.
CNBC Economy frames the setup as politically and institutionally challenging for Warsh as the Fed positions for additional rate moves.