The Odds of an Oct. 28 Fed Rate Hike Are Soaring, and President Donald Trump Is, in Part, to Blame

Key Points Fed Chair Kevin Warsh vowed to lead a reform-oriented central bank and just kicked off the fourth rate-hiking cycle of the century. Several of President Trump’s policies are directly contributing to persistently elevated inflation. While the AI revolution is lifting the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to new heights, it’s also boosting consumer prices. Long-duration Treasury bond yields are at a 19-year high, signaling the expectation of additional FOMC rate hikes. 10 stocks we like better than S&P 500 Index › Four months ago, when Kevin Warsh was sworn in as the new Fed chair, he vowed to lead a reform-oriented central bank.