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Warsh Signals Fed’s Hawkish Turn | Business and Finance News
Description
Fed Chair Kevin Warsh dropped major hawkish hints, signaling the central bank still has work to do to tame stubborn inflation at 3.7% and hinting at possible rate hikes—sparking a Treasury yield surge and boosting odds of a September rate increase to 57%. While some see clarity in his shift toward data-driven, less transparent policy, others remain cautious, watching for incoming jobs and CPI data before betting on action.
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