All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
US Fed meeting, June 17 -- The US Federal Reserve begins its two-day monetary policy meeting on June 16, with investors across the globe closely watching what will be the first policy review under new Fed Chair Kevin Warsh. While markets overwhelmingly expect the US central bank to keep interest rates unchanged, attention is likely to be focused on Warsh's commentary and the Fed's outlook for inflation, growth and future rate cuts.
The policy announcement comes at a time when the US economy is sending mixed signals. Economic growth remains resilient and the labour market continues to hold firm, but inflation pressures have resurfaced, partly due to elevated energy prices in recent months.
At the same time, a preliminary agreement betwee...
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