Warsh warns investors not to expect hints at future Fed rate moves

New Fed chief Kevin Warsh provided no guidance on whether the Fed will raise rates in July, and he reiterated his dislike of “forward guidance” on future policy moves. The lack of clear timing for a potential July hike is likely to increase rate uncertainty, keeping pressure on interest-rate expectations and front-end yields.

Analysis

New Fed chief Kevin Warsh provided no guidance on whether the Fed will raise rates in July, and he reiterated his dislike of “forward guidance” on future policy moves. The lack of clear timing for a potential July hike is likely to increase rate uncertainty, keeping pressure on interest-rate expectations and front-end yields.