Guys big Fed news ๐Ÿ‡บ๐Ÿ‡ธ
Trump handpicked Fed Chair just raised rate, directly go against his own demand for lower cost guys, interesting move.
Fed under Chair Warsh raised key rate by quarter point to between 3.75% and 4%. Inflation above target for over five years now, recent months getting worse again.
Warsh said something like: this summer inflation reading dont show underlying trend meaningfully improve.
This mark first rate move under Warsh guys. Handpicked or not, he showing he wont torch his own credibility just to please Trump.

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