Tag
#kevin warsh
Fed transition uncertainty deepens as Trump nominees resist Powell stopgap role
Resistance to Jerome Powell serving briefly as chair pro tempore leaves investors weighing a messy handoff to Kevin Warsh just as futures markets start to price a fresh Fed hike.
Markets price Fed hike by January after hot inflation
Traders shifted from betting on Fed cuts to pricing a 60 per cent chance of a 25-basis-point hike by January after hotter inflation forecasts and rising Treasury yields.
U.S. inflation forecast jumps to 6% as traders harden Fed bets
Economists now see U.S. inflation near 6 per cent in the second quarter, pushing Treasury yields higher and lifting bets on a tougher Fed path.
30-year Treasury yield tops 5.1% as inflation worries hit futures
The 30-year Treasury yield rose to just under 5.1 per cent on Friday, its highest in almost a year, sending Nasdaq and S&P 500 futures down more than 1 per cent as hot inflation data squeezed the Federal Reserve's room to ease.
Warsh confirmed: 12 Fed voters gather as Powell's final meeting looms
Kevin Warsh joins the FOMC this week after a 51-45 Senate confirmation, taking a seat at the table just three days before Jerome Powell's term as chair expires. With April inflation at 3.8% and Iran-driven energy costs still climbing, the 12 voting members are almost certain to hold rates steady.
Warsh Confirmation Meets 3.8% CPI as Rate-Hike Bets Eclipse Cuts
The April consumer price index rose 3.8 per cent year-over-year, beating every Wall Street estimate as Kevin Warsh's Senate confirmation vote approaches. Markets now price a greater than 50 per cent chance of a rate increase by January 2027, upending the rate-cut mandate that defined his nomination.
Senate advances Warsh Fed nomination as inflation pressures mount
The Senate voted 49-44 on Monday to advance Kevin Warsh's nomination as Federal Reserve chair, setting up a May 15 confirmation vote that would hand him a central bank grappling with 3.3% inflation and an impatient White House.
