Bond market believes Fed behind the curve on inflation as Warsh takes over
CNBC·- Bond market investors believe the Federal Reserve needs to catch up with inflation as new leadership takes over, according to Ed Yardeni. - Wall Street expects that the Fed will shift from a bias towards interest rate cuts at the upcoming policy meeting. - Recent inflation data shows consumer prices rising at their fastest rate since 2023, prompting speculation of necessary interest rate hikes to combat persistent inflation.