Federal Reserve Chairman Kevin Walsh: Combating inflation is a priority, refusing an advance commitment to the September hike

IN HIS SPEECH ON FRIDAY EVENING, FEDERAL RESERVE CHAIRMAN KEVIN WALSH STATED THAT ANTI-INFLATION WAS A PRIORITY AND REFUSED AN ADVANCE COMMITMENT TO THE SEPTEMBER HIKE. HE WAS CONFIDENT THAT CORE INFLATION WAS MOVING TOWARDS TARGETS. THE FED'S PROBABILITY OF RAISING INTEREST RATES BY 25 BASIS POINTS JUMPED FROM 30 PER CENT TO ABOUT 50 PER CENT. THE NON-FARM EMPLOYMENT REPORT AND THE CPI INFLATION REPORT WILL BE ISSUED BEFORE THE SEPTEMBER FED MEETING。