Kevin Warsh’s First Fed Meeting Triggers Worst Market Reaction Since 1994
The S&P 500 fell 1.2% following Kevin Warsh’s first Federal Reserve meeting as chairman, marking the worst market reaction to a new Fed chief’s debut meeting in 32 years.
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The S&P 500 fell 1.2% following Kevin Warsh’s first Federal Reserve meeting as chairman, marking the worst market reaction to a new Fed chief’s debut meeting in 32 years.
The U.S. dollar fell to a new four-year low after Donald Trump said he was unconcerned about its decline, triggering a broad rally in commodities and risk assets. Gold, silver, and equity futures surged ahead of a closely watched Federal Reserve decision.
The U.S. Consumer Price Index rose 3% year-over-year in September, maintaining pressure on household budgets and complicating the outlook for future interest-rate cuts.