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Fed Holds Rates But Signals Hike
Description
The Fed held rates steady but signaled a major shift—nearly half its members now expect hikes later this year, reversing earlier dovish signals. Inflation’s stubborn heat, now projected at 3.6% by year-end, forced them to ditch language hinting at rate cuts, shocking Wall Street and triggering market losses. New Chair Kevin Warsh is ushering in a sharper, simpler communication style, ready to act boldly to crush inflation—even if it means tough rate moves.
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