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Markets watch Warrish's Fed debut
The news focuses on the participation of the new Federal Reserve Chair, Kevin Warsh, in the European Central Bank Forum in Sdeir, Portugal, which marks his first public appearance since taking office two weeks ago. He is expected to avoid giving clear signals regarding the interest rate path, but may reveal his philosophy on evaluating inflation and the digital economy. Markets are assessing expectations regarding interest rate hikes, with a 50% probability of a rate increase at the September meeting, amid divisions within the Federal Reserve about the potential number of rate increases this year.
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