Economy
Kevin Warsh's Fed Keeps Rates Steady but Market Expects Hike in December
Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.
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Goldman Sachs rules out Fed rate hikes in 2026, despite market expectations following Kevin Warsh's arrival. Employment and inflation data support this view.
Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.
Fed Chairman Kevin Warsh warns he will not tolerate inflation above 2%, disappointing expectations of rate cuts despite Trump's pressures.
The dollar plummets after weak US employment figures (57,000 jobs in June) and the Fed lowers the likelihood of a rate hike in September to 45%.