Episode Details

Fed’s June inflation drop, fueled by cheaper gas, sparked market chaos—not because of the rate hold, but because new chair Kevin Warsh left inflation metrics unclear, sending bond yields soaring and forcing J.P. Morgan to pivot on rate hike timing. With no “magic wand” promised and economic resilience waning as tax refunds fade, Wall Street braces for a Fed caught between cooling prices and protecting jobs—communication gaps now driving major policy uncertainty.

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