Fed Chair Kevin Warsh's Job Just Got Much Easier. Here's What's Likely Next for the Stock Market As a Result.
The pressure for a rate hike has subsided -- but maybe only temporarily.
The pressure for a rate hike has subsided -- but maybe only temporarily.
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Why it matters
July jobs and inflation reports reducing pressure on the Fed to hike rates is a significant monetary-policy signal that could influence credit markets and borrowing costs broadly.