Fed’s Miran to Step Down as Governor on Warsh Swearing In

The Federal Reserve’s fresh projections kept the median outlook at one rate cut this year, signaling no material change in the policy path. The update is market-relevant because it reinforces expectations for the timing and pace of easing, with direct implications for Treasury yields, rates-sensitive assets, and the dollar.

Analysis

The Federal Reserve’s fresh projections kept the median outlook at one rate cut this year, signaling no material change in the policy path. The update is market-relevant because it reinforces expectations for the timing and pace of easing, with direct implications for Treasury yields, rates-sensitive assets, and the dollar.