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No rate cut likely at Warsh's first Fed meeting, but here's what markets will watch
The Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent inflation pressures and a labour market that continues to show resilience. When President Donald Trump nominated Warsh to lead the central bank earlier this year, investors largely debated when interest-rate cuts would begin. Six months later, the conversation has ... (full story)