Fed Holds Rates But Signals Hike

The Fed held rates steady but signaled a major shift—nearly half its members now expect hikes later this year, reversing earlier dovish signals. Inflation’s stubborn heat, now projected at 3.6% by year-end, forced them to ditch language hinting at rate cuts, shocking Wall Street and triggering market losses. New Chair Kevin Warsh is ushering in a sharper, simpler communication style, ready to act boldly to crush inflation—even if it means tough rate moves. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/82ca907c53fbf898