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rate hike

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2026. REUTERS/Brendan McDermid
Jun 17, 2026

Wall Street closes lower on Fed rate hike bets

Wall Street closed lower as traders bet on Federal Reserve rate hikes after Fed Chair Kevin Warsh emphasized inflation control and policy shifts.

St. Louis Federal Reserve Bank President Alberto Musalem chats on the sidelines of a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S., May 9, 2025. REUTERS/Ann Saphir/File Photo
May 28, 2026

Fed’s Musalem says rate hike may be needed if inflation doesn’t ease

St. Louis Federal Reserve President Alberto Musalem says a rate hike may be necessary if inflation does not ease in the next six months.

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