The Fed maintained its monetary policy unchanged in Kevin Warsh’s inaugural meeting as the new Chair. Warsh did not submit personal projections, but the distribution of other committee views signals a shift to hiking bias. The meeting marked a clear step away from traditional forward guidance, but Warsh emphasized a firm focus on bringing inflation […]
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USD/JPY surged to a fresh two-year high after the Federal Reserve delivered a significantly more hawkish message than markets had anticipated, reviving expectations that US interest rates could rise again before year-end. While the Fed Read more…
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