business / news / / The Financial Express
markets want to see how hawkish committee members were, especially after April’s higher-than-expected inflation reading.
Kevin Warsh has replaced Jerome Powell as US Fed Chair since May 15, 2026.
KEY POINTS
- Market expectations have shifted from two rate cuts in 2026 to a possible rate hike.
- April US CPI rose to 3.8% and PPI to 6%, their highest levels in years.
- President Trump publicly stated he will not interfere with Warsh's interest rate decisions.
- The next FOMC meeting under Warsh is scheduled for June 16-17 with a new dot plot release.
COMPANIES
Summarized by Newsio from The Financial Express. How we summarize →