US CPI release and Fed Chair Warsh’s testimony to shape rate hike expectations

The upcoming US CPI release and Fed Chair Warsh's testimony before Congress are expected to shape interest rate hike expectations. These events may signal shifts in Fed policy and solidify a prolonged high-rate environment, which could impact borrowing costs and economic growth projections within the U.S. and globally. Consequently, the testimony and inflation data are likely to influence market expectations and future interest rate decisions as officials address ongoing inflation concerns.