FOMC preview: Why this is one for the headline traders
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Today's is the big debut for new Fed Chairman Kevin Warsh, as he wraps up a two-day meeting with the FOMC. The result is a foregone conclusion -- rates will stay in the 3.50-3.75% range. What's less certain is how the statement will read. In the last meeting, three voting members
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4 itemsFed preview: Warsh is the noise, the Board is the signal
Top of the Morning: FOMC takeaways & US economic update
A changing Federal Reserve
The desk anticipates a cautious Federal Reserve under Kevin Warsh's potential leadership, emphasizing a hold on interest rates amidst persistent inflation concerns. Per the full note [source], Warsh's recent testimony suggests a reluctance to commit to rate cuts, aligning with the Fed's current stance of maintaining rates steady. This perspective is reinforced by the labor market's resilience and inflation metrics that remain above target. Given the lack of high-impact events in the coming month, traders should prepare for potential volatility as the Fed navigates these complexities.
EUR/USD Forecast: Kevin Warsh debut as Fed Chair and war drums to keep volatility high - FXStreet
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