No 'Compelling Need' Seen For a Fed Rate Hike -- Market Talk

0558 GMT - Standard Chartered Bank does not see a 'compelling need' for an interest-rate hike by the Federal Reserve on Wednesday, Steve Englander says in a note. Markets are currently pricing in a 29% probability of a hike, according to LSEG data, slightly below 31.5% priced in earlier in the day. The Fed will have much more data to inform its decision by the September meeting, says the head of global G-10 FX research and North America macro strategy. These data include two more labor, CPI and retail sales releases, "but there is uncertainty on whether this has a more important impact on demand or core inflation," Englander says. On a decision to hold rates, Fed Chairman Kevin Warsh will likely face 2-4 dissents, the analyst says. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 01:58 ET (05:58 GMT)