Warsh Expected to Have Support to Hike if He Wants -- Market Talk

1246 ET - The Fed will likely hold today, with potential dissent for a hike and indications that rates will go up in September, Mackenzie Investments' Dustin Reid tells WSJ. "I think the overall communication from the Fed will lean hawkish and lean into a September hike," he says. Reid believes FOMC members will follow Chairman Warsh's call. "I think if Warsh wants a hike, if that's his central tendency that he brought to the committee yesterday, he has the votes." Reid says it is "a close call." A hawkish outcome would likely send short-term Treasury yields higher and long-term ones would outperform, he says. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

July 29, 2026 12:46 ET (16:46 GMT)