In 6 Words, Fed Governor Lisa Cook Issued a Stark Warning to Wall Street

Fed Governor Lisa Cook warned that interest rate increases are on the table as inflation continues to surge, reaching a three-year high of 4.2%. While the labor market remains resilient, the Fed is shifting focus toward controlling inflation. The CME FedWatch Tool estimates a 58% probability of a rate hike by December, which could dampen market gains as borrowing costs increase.