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Warsh rewrites the Fed playbook as FOMC holds rates and signals hikes ahead
From the original
The hawkish tilt in the dot plot, with the median 2026 funds rate projection rising to 3.8% from 3.4%, pushed short-term yields higher and weighed on equities as markets repriced the likelihood of a hike as early as October. The stripping of forward guidance removes a key anchor
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