The Federal Reserve left rates unchanged in Kevin Warsh's first meeting as chair, but a hawkish policy statement and economic projections raise the odds of a rate hike this year.
Stocks are mixed around midday as traders’ position ahead of the conclusion of the Fed’s FOMC meeting and await any commentary from new Fed Chair Kevin Warsh.
With the Fed expected to keep rates unchanged, the dot-plot and Chairman Kevin Warsh's presser will be closely watched today as investors try to gauge the path of interest rates.
In our view, municipal bonds may offer attractive tax-efficient income potential, though elevated supply, an uncertain rate backdrop, and issuer dispersion may pose risks.
Retail sales data was the latest strong economic report despite the war. New Chairman Kevin Warsh is expected to take the spotlight at 2 p.m. ET today after the Fed meeting.
The Fed isn't seen changing rates tomorrow, but it's Kevin Warsh's first rodeo as chairman, which could mean drama. Housing data today follows yesterday's sharp oil-driven rally.
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