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Here are the five big takeaways from Kevin Warsh’s first meeting as Fed chairman
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting to keep the benchmark level steady, but dropped several surprises that kept markets guessing about where things are heading. Markets didn’t like it, with major averages swooning after the meeting and as Warsh spoke in his news conference. Here are the five biggest takeaways: No rate changes, but the hawks are circling: There were no apparent dissents to keep the federal funds rate targeted between 3.5%-3.75%. However, the “dot plot” of expectations further out showed an inclination towards a hike ... (full story)
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From @BarakRavid|7 hr ago|12 commentsBREAKING: U.S. and Iran have signed the MOU for ending the war electronically on Wednesday and it is now in effect, two U.S. officials told me President Trump personally signed a copy of the agreement during a dinner with the President of France at the Palace of Versailles. A phot of the signed agreement was sent to the Iranians and the mediating countries
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- Jun 17, 5:02pm | 6 hr ago Posted byFundamental Analysis11,726
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