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Bond Market Tests Warsh’s AI-Productivity Inflation Bet
Traders price out cuts, flirt with hikes before his first meeting.
Traders price out cuts, flirt with hikes before his first meeting.
Beijing summit produced a Boeing announcement and soybean promises. The price pressure driving voter anger came home with him.
April PPI tripled forecasts as energy and tariff costs broadened, putting rate cuts off the table just as Kevin Warsh prepares to take over the Fed.
The president's warning to his own Fed chair nominee landed hours before Warsh pledged Senate "strictly independent" monetary policy
The central bank's wait-and-see stance leaves millions facing higher gas prices, stubborn inflation and no relief in sight
Investors fear AI will destroy incumbent businesses and that $660 billion in spending won't pay off — and both sides are getting punished
The economy added 130,000 jobs in January, more than double forecasts, but benchmark revisions erased nearly 900,000 positions from prior counts
Decision could block Trump from gaining control of central bank