Warsh faces first challenge as Fed Chair

It is expected that the U.S. Federal Reserve will keep interest rates unchanged at its first meeting with its new Chair, Kevin Warsh, amid concerns over eroding purchasing power due to persistent inflation and rising energy prices. Potential measures include modifying the wording of the policy statement to avoid expectations of a rate cut, as Warsh faces challenges in balancing market support with inflation reduction, with over an 80% probability of a rate hike by December.

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