FOMC Founders: Warsh’s First Fed Meeting to Mark End of Easing Era

Major Banks Weigh in

TL;DR

• The Fed is expected to hold rates steady at 3.50%-3.75%, but markets are increasingly focused on whether the new chair, Kevin Warsh, removes the Fed’s long-standing easing bias and signals a more neutral or hawkish stance.

• Strong labor market data and sticky inflation have shifted the debate from rate cuts to possible rate hikes. Markets currently p…