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πŸ‡ΊπŸ‡Έ Warsh's first FOMC statement carries more signal than the 97%-priced hold

πŸ‡ΊπŸ‡Έ Warsh's first FOMC statement carries more signal than the 97%-priced hold

Kevin Warsh chairs his first FOMC meeting June 16-17; a 97%-priced hold is expected, but statement language will determine whether back-end rate hike pricing, already above 50% for December, firms further.

Block of text from a speech discussing inflation risks, elevated prices, and monetary policy adjustments.
Cleveland Fed President Beth Hammack warned that rate hikes may soon be appropriate if recent inflation trends continue, as waiting for definitive evidence of embedded price pressures could require larger adjustments at greater cost. Source

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