WARSH FED DEBUT MAY JOLT BOND MARKETS
Fidelity investors warn new Fed Chair Kevin Warsh could trigger bond-market volatility, especially after Wednesday’s policy decision.
His first press conference may reset expectations on inflation and rates, with markets already pricing a potential hike this year despite recent stability. Treasuries and swaps have swung sharply amid geopolitical shocks and shifting rate bets.
Portfolio managers say uncertainty around Warsh’s tone—hawkish or dovish—could quickly reprice financial conditions and revive volatility.
BREAKING: Vice President JD Vance on failed talks with Iran:
"We are leaving here with a very simple proposal, our final and best offer. We will see if the Iran's accept it."
Talks have ended and the US delegation is leaving Pakistan.
BREAKING: Spain's Prime Minister Pedro Sanchez calls on the European Union to suspend its Association Agreement with Israel following Israeli strikes on Lebanon's capital today.