Fed Chair Warsh declined to predict the outcomes of the two remaining rate decisions this year during an IMF meeting. While he was speaking, bets on an October rate hike fell from around 30% to about 17%, and the dollar weakened. He reiterated his commitment to achieving price stability, said the global economy had largely performed as expected since the September rate hike, and expressed optimism about productivity gains from AI, while warning that the road would be very bumpy.

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