Key takeaways The Federal Reserve delivered a hawkish hold and signalled a major policy regime shift. While rates remained unchanged at 3.50%-3.75%, Chair Kevin Warsh abolished traditional forward guidance, reinforcing a data-dependent approach and increasing the likelihood of higher market volatility. Higher-for-longer interest rate expectations pressured risk assets. The S&P 500 fell 1.2%, the Nasdaq […]
The post Wall Street Slumps as Kevin Warsh Delivers Hawkish Hold, GBP/USD’s Plunge Hits Support Ahead of BoE appeared first on ActionForex.
