Fed Minutes Show Majority Back Rate Hikes; Warsh Takes Chair Friday
Fed minutes from May 20 reveal most officials support raising rates if inflation stays above 2%. Kevin Warsh is set to become Fed chair on May 22, facing immediate pressure to act.
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Fed minutes from May 20 reveal most officials support raising rates if inflation stays above 2%. Kevin Warsh is set to become Fed chair on May 22, facing immediate pressure to act.
Fed officials considered rate hikes if inflation remains persistently above 2%, according to April meeting minutes. Traders on Kalshi see a 63% chance of a hike by July 2027.
Boston Fed President Susan Collins said the central bank may need to hike rates if inflation remains elevated, with April's CPI at 3.8%. Minutes show growing concern among officials.
CoreWeave signed a $21 billion expanded agreement with Meta through 2032, lifting backlog to $66.8 billion. However, the company carries $21 billion in debt with an 11% average interest rate, paying 25% of revenue in int
For the first time in the cycle, markets expect the Fed's next move to be a rate hike, with CME Group's FedWatch tool showing a 51% probability of a December hike. Stagflation fears rise as inflation stays high and growt
Market pricing for a 25 bps Fed rate hike by December jumped to 48.4% from 14.3% last week, as incoming Chair Kevin Warsh confronts hot inflation data.
Fed funds futures now price in a 48.4% chance of a quarter-point rate hike by December, up from 14.3% a week ago, as 10-year Treasury yields hit 4.58% and new Fed chair Kevin Warsh prepares for his first meeting.
For the first time in this cycle, traders see the next Fed move as a rate hike, with December probability at 51% and March above 71%, per CME FedWatch.
For the first time in the current cycle, markets expect the Fed's next move to be a rate hike, with December hike probability at 51%. The 30-year Treasury yield hit 5%, fueling stagflation fears.
Investors now see a 60% chance of a 25 bps rate hike by January 2027 after hotter-than-expected inflation, testing incoming Fed Chair Kevin Warsh's messaging.
Markets now see a 60% chance of a Fed rate hike by January 2027, up from near zero, after inflation data came in hotter than expected. Incoming Chair Kevin Warsh faces a tough messaging challenge.
Investors now see a 60% chance of a 25 bps rate hike by January 2027, as inflation data tops forecasts and bond yields spike. New Fed Chair Kevin Warsh faces a tough messaging challenge.
S&P futures edged down 0.10% as markets weigh the impact of a new Fed chair with views differing from Jerome Powell. Tech stocks like Micron and AMD surged, but broader indices showed caution.
The Federal Reserve held its benchmark rate steady at 3.50%-3.75% in an 8-4 vote, the closest since 1992. BofA Global Research now expects no rate cuts until July 2027, citing persistent inflation above 3%.
PIMCO warns the Federal Reserve may need to raise rates as US-Iran conflict pushes inflation above target. March CPI rose 0.9% month-over-month, with annual inflation at 3.3% and PCE at 3.5%.
The Federal Reserve may keep rates unchanged, benefiting Treasury bills but posing risks to stocks. St. Louis Fed President William Poole says rates are well positioned, with the central bank ready to act if needed.
The Federal Reserve's indefinite rate pause at 2% boosts cash assets like Treasury bills, but stocks face uncertainty over an untested new Fed chair with different views than Jerome Powell.
Pimco warns geopolitical risk from Iran could force the Fed to raise rates, even as most investors bet against hikes. Meanwhile, the 10-year yield has barely dipped despite 175 bps of cuts, and 30-year yields touched 5%.
Goldman Sachs pushed back its forecast for the next two Fed rate cuts to December 2026 and March 2027, citing sticky inflation above the 2% target. The hawkish outlook pressures crypto markets as rate cut hopes fade.
Bank of America now expects the Federal Reserve to delay rate cuts until the second half of 2027, citing strong inflation and resilient job growth. April's 115,000 payrolls reinforce the cautious stance.
Bank of America predicts the Federal Reserve will delay rate cuts until the second half of 2027 due to strong inflation and resilient job growth, with April's 115,000 payrolls increase reinforcing a stable labor market.
The Federal Reserve kept its benchmark rate steady at 3.5%-3.75% for the third straight meeting. Cleveland Fed President Beth Hammack dissented on language suggesting the next move is a cut, signaling division over infla
Bank of America now expects the Fed to delay rate cuts until the second half of 2027, citing persistent inflation and a strong labor market. The shift comes as market bets on cuts extend to 2031.
The Fed kept rates steady at 3.5%-3.75% in April 2026, with inflation at 3.3%. CD yields on maturities of one year or less rose 6 bps to 3.71%, as banks compete for deposits.