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NVIDIA CorporationFormer Fed Vice Chair Predicts Two Rate Hikes Amid Inflation Concerns
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Former Federal Reserve Vice Chairman Roger Ferguson expects two interest rate hikes across the rest of 2026 and early 2027, warning that persistent inflation could damage the central bank's credibility if officials fail to act. He noted that inflation has been sticky for too long, with core CPI around 2.5% or higher, and that the Fed has missed its 2% target for roughly five years. Ferguson dismissed hints from Fed Chair Kevin Warsh about using balance sheet adjustments, saying the tried and tested tool is interest rates. He also flagged that Treasury interference in the bond market is making signals harder to read, with the 10-year yield at 4.67% and the 30-year at 5.19% as of August 27, 2026. His forecast is more hawkish than others expecting only one hike, making him an outlier against observers like Mohamed El-Erian and JPMorgan Private Bank's Stephen Parker.
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