Fed Chair Warsh Faces High Stakes Rate Decision
Federal Reserve Chair Kevin Warsh faces a difficult policy decision as markets price in a rate hike despite White House pressure for lower borrowing costs. Meanwhile, Treasury yields and oil prices eased slightly, offering some reprieve to skittish global stock markets.
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Federal Reserve Chair Kevin Warsh faces a high-stakes FOMC decision on Wednesday with traders pricing a 93% chance of a rate hike. The central bank confronts sticky inflation and oil prices holding firmly above $100 per barrel. President Donald Trump has repeatedly pressured the United States central bank for lower borrowing costs.
