Fed Officials Favored Rate Hike in July; Dissent Expected Under Warsh Leadership, Says JPMorgan Strategist

Source Summary

Several Federal Reserve officials supported an interest-rate increase at their July 28-29 meeting, with many indicating that policy tightening would be necessary if inflation failed to decline, according to meeting records. Uncertainty continued to influence Fed officials' deliberations. Jack Manley, Global Market Strategist at JPMorgan Asset Management, discusses expectations for Jackson Hole and perspectives on the depth of the AI trade.