US stocks fall as Fed signals a more hawkish policy
All that campaigning for the Fed job with dovish-sounding rhetoric was quickly set aside at the first meeting of the Warsh era. As Fed Chair, Kevin Warsh struck a much more hawkish tone, emphasizing the need to bring inflation under control. The message was reinforced by a dot plot that pointed to a more restrictive policy path than many had expected.The result was a sharp move higher in Treasury yields and a stronger U.S.
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