Federal funds futures now price in over 66% odds of a Fed rate hike at the September FOMC meeting after Chair Warsh flagged 3.7% inflation at

CME's Fedwatch tool puts September hike odds at 57% as Warsh’s hawkish Jackson Hole warning jolts interest rate markets.

Odds of a rate hike in September remain below 60% despite Warsh's hawkish speech on Friday. Observers downplay fears of tightening.