Investors await Kevin Warsh’s debut Fed meeting for clues on future rate moves amid steady global stocks and oil near $80.
Global stocks held steady Wednesday as markets braced for Federal Reserve Chair Kevin Warsh’s first policy meeting. Policymakers are expected to leave interest rates unchanged, shifting focus to Warsh’s messaging and vote at the press conference later today.
The Fed has maintained its current stance in recent meetings, with investors parsing language for hints on future cuts. Warsh, appointed by President Trump, inherits a politically charged environment after Trump’s repeated calls for looser policy under former Chair Jerome Powell.
Oil prices stabilized near $80 per barrel after dipping below that level Tuesday, as details of a U.S.-Iran memorandum of understanding emerged, including potential sanctions relief on Iranian oil exports.