How the Bond Market Is Reading Kevin Warsh First Fed Meeting

The new Fed chairman's first meeting has already shifted how the bond market prices rate cuts. Lucas and Luna break down the five takeaways from Kevin Warsh's debut FOMC gathering on June 18, 2026, and what the Treasury curve's recent moves tell us about where inflation and growth are actually headed. The ten-year yield sits at 4.45 percent, the two-year at 3.66, and the spread has steepened aggressively. Lucas explains why Warsh's emphasis on financial conditions—not just inflation—changes the game for rate expectations, and why the market is now pricing in a cut later this year even as core PCE holds above target. Luna points out that the market might be getting ahead of itself. A focused look at the signal in the curve and the new chair's communications strategy. #KevinWarsh #FederalReserve #FOMC #RateCutPricing #BondMarket #YieldCurve #TenYearYield #TreasuryYields #MonetaryPolicy2026 #FinancialConditions #CorePCE #InflationOutlook #MarketExpectations #Economics #FexingoBusiness #BusinessPodcast #MacroTuesdays #FedChairman Keep every episode free: buymeacoffee.com/fexingo