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Markets react to Fed Chair Warsh's testimony and inflation data, shifting July rate hike odds.

Market News
26 Jul 2026
The Motley Fool
View Source
Bearish
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On July 14, Fed Chair Kevin Warsh testified before Congress, stating that inflation remains too high. On the same day, a key inflation report was released, which caused markets to lower the probability of a July interest rate hike from 42% to 16%. However, since then, the odds of a rate hike have increased again, reflecting ongoing uncertainty about inflation and Fed policy moves.

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Bitcoin faces typical August losses, could drop to $52k amid record realized losses and strong long-term holder buying.

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