Dovish leaders turn hawkish, Federal Reserve officials hint "rate cuts may be over," but "the probability of a rate hike is low."
Subtle yet profound shifts are taking place within the Federal Reserve’s internal stance. Against the backdrop of the Iran war driving up oil prices and reigniting inflationary pressures, several officials previously regarded as doves—such as Goolsbee and Daly—have begun sending hawkish signals, hinting that the Fed’s