CME Prices 50% Rate-Hike Odds Under Warsh as Dollar Strength Squeezes EUR/USD
Kevin Warsh takes the Federal Reserve helm with CME FedWatch pricing a 50% probability of rate hikes — a sharp reversal from the prior 'wait-and-see' posture. Fed Governor Waller's hawkish Frankfurt remarks and surging Treasury yields are already transmitting pressure to European financing costs. The May 28 PCE print is the next critical trigger for EUR/USD and eurozone borrowing spreads.
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