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Fed Focus Shifts to Inflation Control | California News
Description
New Fed Chair Warsh is laser-focused on crushing inflation, warning that if prices don’t swiftly return to the 2% target, more aggressive action is coming — even as investors now see a 35% chance of a rate hike before year’s end. While he praises strong consumer spending and job growth, he flags stress in housing and agriculture. He also highlights AI as a game-changer, noting it’s driving over half of this year’s business investment — calling it a “hinge point in history.”
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