Wall Street abandons rate-cut hopes ahead of Kevin Warsh’s first FOMC

Will the AI boom lead to lower interest rates?

New Federal Reserve Chair Kevin Warsh says the productivity gains from artificial intelligence will allow significant cuts in interest rates. More like the opposite.

Wall Street abandons rate-cut hopes ahead of Kevin Warsh’s first FOMC

Wall Street has largely abandoned expectations for Federal Reserve rate cuts this year ahead of the first Federal Open Market Committee meeting led by Fed Chair Kevin Warsh on June 16-17. According to a Reuters survey conducted between June 4…