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Fed Chair Warsh Warns Inflation Still Too High; Markets Signal Hawkish Tone

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • New Fed Chair Warsh signaled a hawkish, inflation-focused stance at Jackson Hole, emphasizing that rates will remain restrictive until inflation is firmly at 2%.
  • Markets interpreted this as a signal of 'no imminent cuts,' dampening dovish pivots.
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