Dossier
CME FedWatch
Coverage of CME FedWatch in the Nexus archive.
- Inflation is back above 4% for the first time since 2023—but Kevin Warsh might catch a break
Inflation rose to 4.2% in May, driven largely by energy price increases, while core CPI remained below expectations. The Fed's focus on core inflation suggests limited overheating risks, but the oil shock complicates rate-cut prospects for new Fed chair Kevin Warsh.