Steven Whiting, co‑founder of CIO Group, said the Fed waiting until December to raise rates would only "prolong our pain." Fed funds futures largely price no move tonight and a December hike; CME FedWatch shows about a 7% chance of a 25bp increase this evening. Whiting noted Fed Chair Kevin Warsh has signaled inflation remains too high, raising the possibility policymakers could act before December; he said he is not predicting a move tonight but judges the odds of a surprise hike to be higher t

Steven Whiting, co‑founder of CIO Group, said the Fed waiting until December to raise rates would only "prolong our pain." Fed funds futures largely price no move tonight and a December hike; CME FedWatch shows about a 7% chance of a 25bp increase this evening. Whiting noted Fed Chair Kevin Warsh has signaled inflation remains too high, raising the possibility policymakers could act before December; he said he is not predicting a move tonight but judges the odds of a surprise hike to be higher than 7%.