Kevin Warsh Sworn In, Investors Drop Rate‑Cut Signal
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- Kevin Warsh sworn in as Federal Reserve Chair, marking a pivotal moment for the U.S. economy.
- Investors dropped a bold Fed rate‑cut signal after Warsh’s appointment.
- Treasury yields are mixed as investors digest Fed chair swearing‑in, spurring bond market volatility.
- U.S. Treasury curve flashed a “higher‑for‑longer” warning under Warsh’s leadership.
Why it matters: Bond investors lose a potential rate‑cut rally as Treasury yields wobble, while the Fed’s new chair faces pressure to keep rates higher longer, tightening financing costs for corporates.
