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Kevin Warsh’s first major speech as chairman of the Federal Reserve has become an unexpected trial of his slimmed-down communications style.

Treasury Secretary Bessent’s surprise plan to reduce US borrowing costs by expanding bond buybacks may have sparked fierce debate about its ultimate effectiveness, but key market metrics and positioning show that it’s having an impact.

ECB set for September rate hike with no appetite to signal more, sources say

The US Dollar Index stops paying for hawks who cannot vote