Fed's vice chair warns inflation remains high, but Fed needs time to assess rates - Yahoo Finance — SkimNews
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- Federal Reserve Vice Chair Jefferson warned that inflation remains high but said the Fed needs more time to weigh its next rate move, per Yahoo Finance and Bloomberg headlines.
- Fed officials moved to wash away market bets on an October rate increase, with a top official signaling the central bank will keep rates on hold, according to Reuters.
Why it matters: Jefferson's warning that inflation remains high and the Fed needs more time to assess rates undercuts market expectations of an October rate move, leaving traders, homebuyers, and bond holders to reprice for a longer hold than they had positioned for.
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