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Fed's Warsh Vows to Hit 2% Inflation Target

Source: Bloomberg

InflationMonetary PolicyInterest Rates & YieldsEconomic Data

Fed Chair Kevin Warsh said inflation is not meaningfully slowing and that policymakers need confidence before easing, implying the central bank still has work to do. The message is effectively hawkish for rates, suggesting inflation progress is insufficient for earlier cuts. Expect higher-for-longer expectations to pressure rate-sensitive assets and shift yield curves upward.

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