๐ BREAKING NEWS !!!
Fed raises rates 25bps - first hike since 2023, with a unanimous 12-0 vote ๐ฆ
Chair Kevin Warsh united the entire FOMC behind the decision. In the dot plot, 16 of 18 officials see at least one more hike this year: 12 expect one more, 4 expect two, and just 2 see no further increases. Warsh himself submitted no dot ๐
Notably, 6 voting members who had publicly leaned toward holding rates steady in recent weeks ended up voting yes anyway.
Warsh cited persistent inflation with no signs of cooling in recent reports, while calling the economy, credit markets, and labor market healthy. New projections: GDP 2.3% this year and 2.4% next, PCE inflation 3.7% then 2.3%, unemployment steady at 4.1% ๐
Asked about Trump's repeated calls for cuts, Warsh laughed and said he had nothing to share ๐ถ
He refused to signal whether this is a one-off or the start of a cycle. Per JP Morgan, this setup is actually read as constructive for markets ๐ข #FedRateWatch #Fed
$SYN $LSK $HEI
Fed raises rates 25bps - first hike since 2023, with a unanimous 12-0 vote ๐ฆ
Chair Kevin Warsh united the entire FOMC behind the decision. In the dot plot, 16 of 18 officials see at least one more hike this year: 12 expect one more, 4 expect two, and just 2 see no further increases. Warsh himself submitted no dot ๐
Notably, 6 voting members who had publicly leaned toward holding rates steady in recent weeks ended up voting yes anyway.
Warsh cited persistent inflation with no signs of cooling in recent reports, while calling the economy, credit markets, and labor market healthy. New projections: GDP 2.3% this year and 2.4% next, PCE inflation 3.7% then 2.3%, unemployment steady at 4.1% ๐
Asked about Trump's repeated calls for cuts, Warsh laughed and said he had nothing to share ๐ถ
He refused to signal whether this is a one-off or the start of a cycle. Per JP Morgan, this setup is actually read as constructive for markets ๐ข #FedRateWatch #Fed
$SYN $LSK $HEI
