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Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias
Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias
Tl;dr: FOMC Minutes confirm a deeply-divided Fed with a hawkish bias as "majority" saw hike likely warranted, "many" preferred removing easing bias.
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Since the last FOMC meeting (Powell's last), on April 29th, stocks and the dollar are up, bonds and gold are down and oil has swung violently in between...
Source: Bloomberg
Expectations for Fed action this year has surged hawkishly from a 20% chance of a single rate-cut to an almost 100% chance of a single rate-hike...
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