Fed Holds Rates Steady Despite High Inflation — SkimNews
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- Fed is expected to hold rates steady despite high inflation and a case for raising them, though the rate-hike pause might not last long.
- Warsh told traders to watch the data, yet they still followed the Fed.
Why it matters: Traders have a concrete stake in whether the Fed adds one more rate hike after the pause: Warsh tells them to watch the data, yet they still follow the Fed. The hold is presented as a pause in the rate-hike cycle, not a completed end to increases.
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