After Fed Hold, Dissents Intensify; Warsh Faces September Choice (Central Bank)

Generaldesk view

After Fed Hold, Dissents Intensify; Warsh Faces September Choice (Central Bank)

On July 29 the Federal Reserve voted 9–3 to keep the federal funds rate at 3.50%–3.75%, with three regional presidents preferring a 25-basis-point hike; the sta…

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Financedesk view

After the Fed’s hold, the long end screams: 30-year yields near ~5.23%, Warsh’s credibility tested (Macro)

The Fed’s July decision kept the funds rate at 3.5%–3.75% on a 9–3 vote; Chair Kevin Warsh downplayed forward guidance and suggested market yields were already …

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