Resurgent Oil Rise Complicates Fed Decision Making -- Market Talk
Dow Jones2026/07/29 13:370937 ET - Markets are pricing in about a 64% chance the Fed will hold rates steady later today, but investors will be watching closely for any signals from Chairman Kevin Warsh on the path of monetary policy ahead. After cooler-than-expected June inflation data, volatile energy prices tied to tensions in the Middle East have re-escalated concerns about resurgent inflation. Warsh has indicated that the Fed will restore price stability and the central bank has no tolerance for inflation above its target. The question is whether the committee will act soon on these inflationary pressures or wait for more evidence that inflation is cooling. (jessica.coacci@wsj.co)
(END) Dow Jones Newswires
July 29, 2026 09:37 ET (13:37 GMT)
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