Kevin Warsh’s Fed Holds Firm as Energy Prices Lift Inflation
Key Takeaways Kevin Warsh’s Fed held rates at 3.5%-3.75% in a unanimous 12-0 vote. CPI hit 4.2% in May as energy prices lifted pressure on U.S. households. The New York Fed kept $160B RRP limits as markets await July CPI data. Fed Holds Rates as CPI Reheats The Federal Open Market Committee (FOMC) voted 12-0…
