Markets Anticipate Kevin and Warsh's Fed Meeting
Reports have shown that the new US Federal Reserve Chair, Kevin Warrsh, is facing pressure from Trump to cut interest rates, while it is expected that the Fed will keep interest rates unchanged at its upcoming meeting due to inflation rising to 4.2% in May, with a 57% chance of a rate hike in December. Bets on tightening monetary policy before the end of the year are increasing, amid fears of the high inflation's impact on the economy and the independence of the Federal Reserve.
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