Will New Fed Chair Kevin Warsh Shock the Market and Deliver a Surprise Rate Hike at the Fed's July Meeting?

Fed Chair Kevin Warsh's July FOMC meeting concludes on July 29 with market participants debating the likelihood of a surprise rate hike. While some FOMC members favor a hike and betting markets show a 31.5% probability, analyst Bram Berkowitz argues a rate hike is unlikely given recent inflation slowdown, political pressure from President Trump, and potential geopolitical developments that could ease energy prices.