Kevin Warsh's Fed is not expected to make any change to rates for a while, according to CNBC Fed Survey

Survey respondents expect the Fed to remove the easing bias from its statement at this week's meeting, signaling that the central bank's next move is less likely to be a rate cut. The shift would be modestly hawkish and could lift front-end yields by reinforcing a more neutral policy stance. This is market-wide relevant because it affects rate expectations across fixed income, FX, and risk assets.

Analysis

Survey respondents expect the Fed to remove the easing bias from its statement at this week's meeting, signaling that the central bank's next move is less likely to be a rate cut. The shift would be modestly hawkish and could lift front-end yields by reinforcing a more neutral policy stance. This is market-wide relevant because it affects rate expectations across fixed income, FX, and risk assets.