{
  "id": 7736605,
  "title": "US Dollar: Warsh guidance keeps Greenback supported – ING",
  "url": "https://urgent.news/2026/09/16/us-dollar-warsh-guidance-keeps-greenback-supported-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:33:10.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-warsh-guidance-keeps-greenback-supported-ing-202609160733"
  },
  "original_language": "en",
  "account": "ING strategists Francesco Pesole and Frantisek Taborsky indicate that the Federal Reserve is expected to raise interest rates by 25 basis points to 4.0% today. Surprises in the opposite direction would be seen as highly detrimental to the US Dollar. The Federal Open Market Committee (FOMC) is expected to maintain a hawkish stance, with Chair Kevin Warsh's openness to additional rate hikes adding support for the Dollar and dissuading significant short positions. Markets anticipate a 25bp hike today and expect further rate increases totaling 52bp by year-end and 89bp by June. A surprise hold could cause considerable damage to the Dollar, both through front-end rate cuts and a likely selloff in the back end. This suggests the Fed is likely mindful of potential adverse implications in the Treasury market. Chair Warsh's willingness to continue tightening may help sustain the Dollar's support. Recent economic projections may give some FOMC members support for a rate hike, diminishing the likelihood of visible dissent. The external environment, including rising tensions between Iran and the US, further bolsters the Dollar's position as a safe-haven currency.",
  "summary": "ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}