cryptoinsight.cc

Live news

Back to news

Ready or not, here Kevin Warsh comes - Cryptopolitan

Published Source: CryptoPolitanRead original

* Kevin Warsh will lead his first Fed rate meeting this week. * Markets expect rates to stay between 3.5% and 3.75%. * Inflation, oil prices, and strong jobs data support keeping rates unchanged. **Kevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3.5% and 3.75%, according to the CME’s FedWatchTool.** The futures market doesn’t expect another rate cut from the Fed until March of 2027, at which time there is a projection of a .25 point rise in the rate, thanks to the latest jobs report and consumer inflation at 4.2% annually, a figure last seen three years ago. The Federal Reserve’s committee had in its last statement leaned toward easier policy, but officials may remove that signal this week. As Cryptopolitan previously [reported](https://www.cryptopolitan.com/federal-reserve-to-hike-rates-minutes/), three regional Fed presidents opposed the wording at the April meeting. Keeping it now would draw attention because hiring remains strong while prices are rising faster. Oil prices dropped last week with the [prospects of peace](https://www.cryptopolitan.com/pakistan-us-iran-deal-signed-within-24-hours/) becoming more likely in the ongoing war in Iran, but crude prices are still much higher than they were before the war.

Crypto Insight

Data analytics for crypto investors worldwide

Privacy Policy

Crypto Insight v1.2

Ready or not, here Kevin Warsh comes - Cryptopolitan — Crypto Insight