<div id="readability-page-1">Leadership transition: Kevin Warsh succeeds Jerome Powell as Fed chair after a narrow Senate confirmation, taking office during heightened inflation pressures. Market shift: Rate-cut expectations have flipped to a majority probability of a hike by December, driven by hotter-than-expected inflation data. Forecast divide: Major banks disagree on 2026 policy, with projections ranging from two cuts to no change or a hike, underscoring policy uncertainty.</div>

.IXIC

.SPX

.NDX

.DJI

<p>Kevin Warsh has taken over as Fed chair from Jerome Powell amid rising inflation. Market expectations have shifted towards a likely rate hike by December due to unexpected inflation data. Major banks have differing views on 2026 policy, with forecasts ranging from two cuts to no changes or a hike, highlighting ongoing policy uncertainty.</p>

Kevin Warsh takes Fed helm as markets eye possible hike