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“Openly repairing the plank road while secretly marching to Chencang”? Establishing five major working groups, Walsh ushers in a new era for the Federal Reserve

“Openly repairing the plank road while secretly marching to Chencang”? Establishing five major working groups, Walsh ushers in a new era for the Federal Reserve

``` At his first press conference, newly appointed Fed Chair Kevin Warsh expressed support for the 2% inflation target but simultaneously launched multiple internal reviews, raising doubts in the market about the stability of this policy cornerstone. According to MarketWatch analysis, Warsh not only repeatedly used the vague term "price
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Half of Fed officials want to raise interest rates! Traders are fully pricing in a rate hike before October, expecting two hikes before the first quarter of next year.

Half of Fed officials want to raise interest rates! Traders are fully pricing in a rate hike before October, expecting two hikes before the first quarter of next year.

``` Federal Reserve officials have signaled that interest rate hikes may occur in the coming months, prompting traders to fully price in expectations of higher borrowing costs before October, and short-term U.S. Treasury yields jumped sharply as a result. In the early morning hours of Thursday Beijing time, the Federal
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Wash substantially revises Federal Reserve interest rate statement! What are the changes compared to the full text of the Federal Reserve's June meeting statement?

Wash substantially revises Federal Reserve interest rate statement! What are the changes compared to the full text of the Federal Reserve's June meeting statement?

Local time Wednesday, June 17, the Federal Reserve continued to hold rates steady as expected. In this statement, all hints of rate cuts and forward guidance were completely deleted, and expressions of economic resilience and determination to fight inflation were reinforced, shifting the Fed’s stance from April’s "
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