US wholesale inventories rose 0.5% in August, missing 0.7% forecast
US wholesale inventories rose less than expected in August, while wholesale sales surged.
29 min ago7 min read
JPMorgan revises forecast: Fed to hike in September and December
JPMorgan predicts Fed rate hikes in September and December; market had already priced in 86%.
11/09/2026 18:312 min read
The market has already priced in an 86% probability, meaning JPMorgan's forecast arrives after the fact.
The bank might as well predict a Spanish victory in the 2026 FIFA World Cup.
All that now hangs in the balance is Warsh's credibility. Should he refrain from hiking, his tenure will be prolonged and difficult, while gold will soar. It will also be noteworthy to observe the response from the tweeter-in-chief.
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