Warsh offers no guidance on Fed meeting

Federal Reserve Chairman Kevin Warsh stated that bank officials will decide whether to raise interest rates at their upcoming meeting, emphasizing that they will not provide clear future guidance. This was his first appearance since the June meeting, during which he indicated that discussions would be constructive but without offering additional details. Meanwhile, markets are now leaning toward the possibility of a rate hike in September, amid economic challenges such as rising inflation and the repercussions of the war with Iran.

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