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Warsh Loses the Market After Fed Pause
Kevin Warsh’s second Fed meeting left investors questioning whether the new Fed chair is willing to back up his inflation talk with action.
Chuck Zodda and Mike Armstrong break down why markets initially held up after the Fed left rates unchanged, how Warsh’s press conference lost credibility with investors, and why the bond market reaction matters for mortgage rates, inflation expectations, and the broader financial system. They also discuss the weaker-than-expected GDP headline, why the underlying economic data looked stronger than the top-line number, and what Microsoft and Meta revealed…
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