Reuters: Fed holds steady in Warsh's debut; analysts see hawkish shift

"This Fed decision was ​short, but not sweet. Kevin Warsh moved swiftly to put his stamp on the central bank’s communication strategy by executing a dramatic revision to the official statement, wiping out anything resembling forward guidance and editing out the bulk of ​the contextual information typically parsed most closely in financial markets. The committee turned sharply hawkish, with the median participant yanking inflation projections much higher—suggesting that officials don’t expect this weekend’s US-Iran deal to result in a serious easing in price pressures—and penciling in at least one hike this year, marking a stark contrast with the cut previously expected." - Karl Schamotta, chief market strategist, Corpay Cross-Border Solutions

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