The Newshound

Gulf stocks fall as Fed rate-hike bets surge following Kevin Warsh's Jackson Hole remarks

Kevin Warsh, confirmed by the Senate by the narrowest margin in history, now faces a direct challenge to his inflation-fighting mandate from his own administration's bond-buying intervention.
Kevin Warsh, confirmed by the Senate by the narrowest margin in history, now faces a direct challenge to his inflation-fighting mandate from his own administration's bond-buying intervention.

Gulf markets dropped on Sunday after Federal Reserve chair Kevin Warsh's remarks at the Jackson Hole conference raised expectations of interest rate hikes at the Fed's next meeting. Warsh charted a forward-looking path for monetary policy that rattled investors across the region. The remarks have reshaped market expectations heading into the Fed's next decision. Analysts are now pricing in a tighter stance than previously anticipated.

Gulf stock markets fell sharply on Sunday as traders reacted to the prospect of tighter US monetary policy.

The remarks mark a significant signal from the Fed chair about the direction of US interest rates in the months ahead.

MoreFinancial TimesWarsh charts a forward-looking path for the Fed at Jackson HoleAPWarsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conferenceReutersGulf stocks fall as Fed rate-hike bets rise after Warsh remarks
Read today's full feed at The Newshound →