Jim Bianco|Jul 24, 2026 22:28
The repost is my spot on @CNBCFastMoney today.
The market closed Friday with a 38% probability of a Fed hike next week.
I expect they will vote for a hike, and it will get between 3 and 7 votes. This means it will probably not pass (at least right now), but these votes could see 3 to 6 dissents (9 - 3 to 6 - 6).
A September hike is 104%. This is why I think we see several dissents. They cannot vote 11 - 1 this meeting and hike next meeting, given that several votes have given speeches saying they think they should hike. This is a new Fed with 12 independent voters.
Warsh likes to say "inflation as a choice."
Choose to do something about it.(Jim Bianco)
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