
Fed rate policy: Warsh's dovish rhetoric trap
Traders price 20 basis points of hikes while the Fed holds at 3.65%. I analyze Warsh's dovish rhetoric masking this rigid stance.

Traders price 20 basis points of hikes while the Fed holds at 3.65%. I analyze Warsh's dovish rhetoric masking this rigid stance.

The ECB lifted rates to 2.25% as inflation hits 3.0%. I break down why one more hike is likely before a long pause through 2027.