Weekly Bottom Line
• The U.S.–Iran deal to end the fighting and reopen the Strait of Hormuz eased energy-market pressure this week, but progress is likely to be gradual and geopolitical risks remain. • Retail sales showed that consumers are still spending despite higher gasoline prices, while elevated mortgage rates continue to weigh on housing construction. • Warsh’s […]
Kevin Warsh Could Shake Up the Fed
LPL Research examines Warsh’s evolving Fed approach, infrastructure-led growth, and the impact of China demand on oil prices. A hawkish debut. At his first Federal Open Market Committee (FOMC) meeting, Chair Kevin Warsh paired a hawkish, minimalist tone — tersely emphasizing price stability — with the launch of five task forces to review key aspects […]