Rate hike or wait-and-see? The standoff between hawks and doves within the Federal Reserve intensifies, and differences among Wall Street's major banks remain unresolved.

date
14/08/2026
After the Federal Reserve recently announced unexpectedly weak non-farm payrolls and relatively mild inflation data, market expectations for interest rate hikes have continued to cool. Meanwhile, the internal clash between hawks and doves within the Federal Reserve is escalating, with the confidence of moderate officials significantly strengthening, while some hawkish officials remain resolute. Chicago Federal Reserve President Austan Goolsbee stated on Thursday that the latest inflation data in the U.S. shows "slight improvement," and he hopes that as the impact of tariffs and the conflict in Iran driving up oil prices gradually diminishes, inflation will continue to improve.