✂️ JUST IN: RATE CUTS BACK ON THE TABLE UNDER WARSH
Markets are increasingly pricing policy easing once Kevin Warsh formally takes over as Fed Chair in May.
KEY POINTS:
• Fed expected to hold rates steady for the next two FOMC meetings
• June meeting becomes the first real pivot point under Warsh $SUI
• FedWatch: 46% chance of a 25 bps cut in June$PAXG
• Warsh has criticized restrictive policy, but is viewed as credible and market-friendly
WHY IT MATTERS:
Leadership change + softening macro expectations = renewed cut narrative. $ADA
BOTTOM LINE:
No rush now.
But once Warsh sits in the chair, the easing debate gets real. 📉📊