Axel Merk: Fed officials signal one more hike possible this year but stress no urgency

Axel Merk: Fed officials signal one more hike possible this year but stress no urgency
Fed sees one more hike possible

Axel Merk highlights that recent speeches from Federal Reserve officials share a common message: while one more rate hike may still be on the table for this year, there is no sense of urgency.

Merk points to comments from New York Fed President Williams, and notes that market-implied odds for a U.S. interest rate hike in October have slipped to just over 50 percent from nearly 70 percent earlier today. Merk also references Warsh's previous statement about removing a 'dose of accommodation,' reinforcing the current lack of urgency among Fed policymakers.

Merk has previously commented on major central bank actions, noting that Christine Lagarde described the 500 million euro FX intervention as minor during a European Central Bank press conference. He has also reported on lending trends, drawing attention to Wells Fargo promoting personal loans for wedding costs on its customer login page. These observations add context to Merk’s tracking of policy signals and market responses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.