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Cointelegraph by Vince Quill

Kevin Warsh sworn in as Fed chair; CME data shows 0% odds of 2026 rate cuts

Kevin Warsh was sworn in on Friday as chair of the US Federal Reserve, as President Donald Trump said Warsh would remain independent on interest-rate policy. Traders are still pricing in no rate cuts through 2026, while CME FedWatch probabilities point to possible hikes at upcoming FOMC meetings, including June 17. The current Federal Funds Target rate is between 350 and 375 BPS.
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