Traders piled into betting on interest-rate hikes as soon as next month after Kevin Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation.
Federal Reserve Chairman Kevin Warsh, in his debut press conference, signaled the central bank's firm stance against high inflation. This clear message prompted traders to aggressively increase their bets on interest-rate hikes, with expectations for action as early as next…
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