{"id":437134,"date":"2026-08-28T21:36:20","date_gmt":"2026-08-28T14:36:20","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-dollar-climbs-as-the-market-sees-a-rising-chance-of-a-fed-hike-437134\/"},"modified":"2026-08-28T21:36:20","modified_gmt":"2026-08-28T14:36:20","slug":"us-dollar-climbs-as-the-market-sees-a-rising-chance-of-a-fed-hike","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-dollar-climbs-as-the-market-sees-a-rising-chance-of-a-fed-hike-437134\/","title":{"rendered":"US dollar climbs as the market sees a rising chance of a Fed hike"},"content":{"rendered":"<div>\n<p>Kevin Warsh cultivated a sense that he wasn&#8217;t going to offer much on rates or the economic outlook and that created a backlash that he would be opaque. Instead, we got a guy who repeatedly hammered the idea that the economy was hot and that underlying inflation is still too hot. He didn&#8217;t go as far to say the Fed was going to hike soon but he said &#8212; strongly &#8212; that the Fed would meet its inflation target.<\/p>\n<p>It&#8217;s taken some time for the market to figure out how hawkish he was and pricing for a hike in September is up to 57% from 33% prior to his speech. That&#8217;s translated into dollar strength across the board.<\/p>\n<p>The euro is quickly down to 1.1605 from 1.1643.<\/p>\n<\/p>\n<p>It&#8217;s the same across the board with the US dollar notably higher, though not exactly screaming higher. I think there&#8217;s a lingering sense that he&#8217;s in Trump&#8217;s pocket and that he won&#8217;t hike in the end. That&#8217;s capping some of the moves but I find it tough to believe in that thinking given his comments and the security of his position.<\/p>\n<p>&#8220;We have work to do,&#8221; he said in what&#8217;s a clear signal, at least to me.<\/p>\n<p>With the climb in the dollar, gold reversed lower and is down $33 after spiking to the highs of the day in a (misguided) move ahead of Warsh.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kevin Warsh cultivated a sense that he wasn&#8217;t going to offer much on rates or the economic outlook and that created a backlash that he would be opaque. Instead, we got a&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437134","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437134"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}