22:11 - 28.08.2026

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August 28, Fineko/abc.az. Expectations for Federal Reserve interest rate hikes escalated on Friday following remarks by Fed Chair Kevin Warsh at the Jackson Hole economic symposium.

Warsh stated that the central bank will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target. The speech marked his clearest acknowledgment yet that further rate increases may be necessary to curb ongoing price pressures. Financial markets responded with growing anticipation of a more hawkish monetary policy stance from the Federal Reserve.