[Analyst: If Rate Hike Fails, Fed and Chair's Credibility Could Be Severely Damaged] Jin10 News, September 16 – Metzler analyst Leon Ferdinand Bost stated in a report that Federal Reserve Chair Walsh's decision to abandon forward guidance has placed him and the Fed in a position where a rate hike at Wednesday's meeting seems to be the only remaining option. Bost said: 'Although we still believe that from a macroeconomic perspective, it is reasonable for the Fed to wait and observe how the inflation outlook evolves, the market is now pricing in a rate hike probability of over 90%.' Bost added that if the rate hike does not materialize, the Fed and its chair will face the risk of severe damage to their credibility.