Federal Reserve

Key GOP Senator Tillis Drops Blockade, Clearing Path for Warsh's Fed Chair Nomination

North Carolina Republican Senator Thom Tillis announced he will no longer block Trump’s Federal Reserve chair nominee Kevin Warsh, clearing a critical hurdle for confirmation that could reshape US monetary policy.

Fed Rate Cut Expectations Rise, Markets Price 78% Probability of June Cut

Due to recent weak employment data, markets widely expect the Federal Reserve to cut rates by 25 basis points at the June meeting, with the probability priced in federal funds rate futures rising to 78%.