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Warsh Signals Tough Inflation Fight | Raleigh News
New Fed Chair Warsh is sending a bold message: beating inflation is his top mission, even as July data showed a slight dip. Despite rising oil prices, he’s focused on the bigger picture and won’t reveal specific rate moves—keeping investors guessing. With a 35% chance of a rate hike before year-end, markets brace for tighter policy, especially as the president pushes for lower rates. Warsh praises strong consumer spending and job growth but warns housing and agriculture are under strain. He also highlights AI as a game-changer, powering over half of this year’s capital investment—a major…
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