Warsh shocks Wall Street with hawkish turn as Fed rate hikes come back into play
Sebastian Ujică
Federal Reserve Chair Kevin Warsh shocked Wall Street this week by delivering one of the most hawkish messages investors have heard in months, prompting traders to rapidly abandon expectations for interest-rate cuts and begin pricing in the possibility of rate hikes before year-end. The dramatic shift in market sentiment came after the Federal Open Market Committee left rates unchanged but signaled that inflation remains its top concern despite signs of slowing economic growth. The message was
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