JP Morgan now expects Fed to deliver next rate hike in December this year
Fed chair Warsh has definitely stirred the pot with his latest forward guidance approach, or should I say lack thereof, as he wants markets to do the job on tightening instead. I would argue that the press conference damaged his credibility more so than it looks like he laid down
Desk synthesis pending
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In the meantime, the most useful reads are the related coverage and primary source below — both reach the same substance from different angles.
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