The Kobeissi Letter: Market overestimates September rate hike probability under potential Warsh leadership

The Kobeissi Letter stated on X that Donald Trump has effectively made interest rate cuts a prerequisite for Kevin Warsh to serve as Federal Reserve Chair. The outlet expressed skepticism that Warsh would implement a rate hike during his first policy adjustment if appointed, suggesting that the market is currently overestimating the likelihood of a September rate hike.