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Fed Chair Warsh’s Capitol Hill Debut: Inflation Fight Not Over, Rate Path a Mystery

Fed Chair Kevin Warsh told Congress Tuesday that June’s CPI improvement doesn’t mean “mission accomplished” on inflation, and refused to tip the Fed’s hand on rate moves. Markets slashed July hike odds to 17% as oil prices climbed on escalating Middle East tensions.

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Fed Minutes Reveal Rare Split: Hawk and Dove Camps in Near-Deadlock

The Fed’s June meeting minutes show a rare, evenly matched split between officials who favor holding rates steady and those pushing for hikes. Markets may be overpricing the risk of near-term tightening.