Interest rates
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Fed Chair Warsh signals interest rates hikes may be needed with US inflation stubbornly elevated
JACKSON HOLE, Wyoming — Federal Reserve Chair Kevin Warsh indicated on Friday that high inflation may force the central bank to raise interest rates in the coming months. Speaking at…
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Warsh’s Old Forecasts Show How He Formed His Views on Inflation
Origins of His Inflation Framework Origins of His Inflation Framework During his service as a Federal Reserve governor from 2007 to 2011, Kevin Warsh submitted quarterly projections for economic growth,…
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Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far
Market Reaction and Treasury Response Interest rates rebounded despite Treasury Secretary Scott Bessent’s attempt to reduce long-term borrowing costs. The yield on the 10-year Treasury note returned to 4.69%, almost…
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The US national debt now stands at $40 trillion
The $40 Trillion Milestone The United States national debt officially surpassed a staggering $40 trillion on Wednesday. This unprecedented milestone was recorded just five months after the debt hit $39…