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Market Impact: 0.85
Fed Raises Rates as Warsh Bucks Trump to Contain Inflation
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflationElections & Domestic Politics
The Federal Reserve raised interest rates by 25bps and projected one additional hike later this year to contain inflation. The hawkish policy path is likely to tighten financial conditions and could test Fed Chairman Kevin Warsh's relationship with President Donald Trump.
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