How the Fed's First Rate Hike Since 2023 Shook Up Canadian Markets
4 Articles
4 Articles
Bessent says he has ‘great confidence’ in Warsh after Fed raises rates
Treasury Secretary Scott Bessent said Monday he has “great confidence” in Federal Reserve Chair Kevin Warsh after the central bank raised interest rates by a quarter point against the wishes of President Trump. “I have great confidence in Chair Warsh,” Bessent told host Joe Kernen on CNBC’s “Squawk Box.” “More importantly, the president has great…
The Fed Hiked for the First Time Since 2023 and Markets Didn't Even Flinch
Scott on the Fed rate hike and why markets didn't react The Fed unanimously raised rates by 25 basis points. Its first increase since 2023. Warsh said inflation remains too high, financial conditions are not particularly restrictive, even though the bond market has had something to say about that....
Last week, the Fed, as expected, increased interest rates by 25 basis points. This was the first rate hike since 2023, and expectations are growing in the market that further rate hikes may occur in October or December. While the Fed's interest rate decisions for the remainder of 2026 are closely watched, Chicago Fed President Austan Goolsbee stated that the Fed's approach to combating inflation is... Source: Bitcoinsistemi.com
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