All eyes on Warsh as rate-hike fever spreads across G7 central banks

Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates. Three decisions, starting with the Federal Reserve on Wednesday and followed on successive days by peers in the U.K. and Japan, may recast the global monetary policy landscape for the rest of 2026 and beyond. The U.S. will be most closely watched in the wake of a higher-than-expected core inflation reading on Friday.

That stoked investor bets that Fed Chairman Kevin Warsh and his colleagues will raise their benchmark rate, probably in defiance of President Donald Trump’s wishes.