Fed’s Kevin Warsh Killed the Rate Cut: Hike Odds Now Sit at 66%

Kevin Warsh chaired his first Federal Open Market Committee meeting on June 16, and the Fed held interest rates steady at 3.5% to 3.75%, exactly as markets expected. However, the dot plot dropped its last remaining projection for a rate cut in 2026, and futures traders now price a 66% chance of at least one
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