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06/17 04:53

Watch Out: Tomorrow Is a Critical Day—Fed Will Ann

Watch Out: Tomorrow Is a Critical Day—Fed Will Announce Its Interest Rate Decision—Here’s What You Need to Know#BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary #HTXCommunity4thAnniversary

The Federal Reserve will announce its first interest rate decision under new Chairman Kevin Warsh tomorrow. The biggest question mark for Warsh, nominated by President Donald Trump at the end of January to head the Fed, is whether he will pursue interest rate hikes to control inflation or whether he will open the door to rate cuts, as Trump has long demanded. Warsh will chair his first Federal Open Market Committee meeting as chairman on Wednesday and will hold a press conference after the decision. Bond markets, in particular, are expected to react sensitively to the messages Warsh delivers. UBS economist Jonathan Pingle, in a note he published, stated that the press conference would be critically important, saying, “This will be Kevin Warsh’s first public appearance as chairman. We really don’t know what his policy views are.” Economists expect Warsh to adopt a more neutral stance at his first meeting. The main reason for this is that the Fed has to make decisions in a very challenging economic environment. The renewed rise in inflation in the US makes it difficult for the Fed to cut interest rates in the near future, while the

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