Kevin Warsh, Chair of the Federal Reserve Board, has made a definitive statement indicating that there is no « soft » approach to the Fed’s 2% inflation target. This position confirms the institution’s commitment to price stability and aligns with a hawkish monetary stance. Market participants interpret this declaration as reducing the likelihood of a near-term rate cut at FOMC meetings between July and October 2026. The odds of a rate cut by October 2026 have notably decreased in the markets.
Source: Read the original article
