Fed, one rate cut
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Fed officials are expected to keep the central bank's key interest rate steady as they wait and see how the Iran war affects inflation and the job market.
Traders now see a 60% chance of a Fed rate cut by December 2026 due to the US-Iran conflict affecting oil supplies. Rate cut by December priced at 60% YES.
Kevin Warsh, President Trump’s pick to lead the Fed, is expected to face a heated grilling over his commitment to independence and whether he plans to slash interest rates during Tuesday’s Senate Banking Committee confirmation hearing.