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Market Impact: 0.8
Fed's Kevin Warsh: "I don't believe that we need to do harm to the labor markets"
Source: youtube.com
Monetary PolicyInterest Rates & Yields
The FOMC unanimously voted 12-0 to raise the federal funds rate by 25bps to a 3.75%-4.00% range, marking its first rate increase since July 2023. The decision signals a renewed tightening stance under Kevin Warsh and is likely to increase borrowing costs while pressuring rate-sensitive assets.
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