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Warsh Signals Fed May Hike Again | Durham News
Fed Chair Kevin Warsh delivered a stark warning at Jackson Hole, declaring that despite cooling inflation, it’s still far above the 2% target and may require further rate hikes. Replacing Powell in May, this was his first major speech — setting a firm, hawkish tone. He highlighted persistent price increases across goods and services, citing a July inflation measure of 3.7%, and stressed that the job market’s strength doesn’t outweigh inflation’s urgency. Investors are now pricing in a 50-50 chance of a September rate hike, as Warsh signaled rates may be too low to curb spending and…
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