During his confirmation hearing last week, Warsh hinted at an out-with-the-old-in-with-the-new approach to monetary policy.
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The Treasury kept its guidance suggesting the sales of long-term debt will remain unchanged through much of 2025.
Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.
Remember America’s debt-ceiling fight? That didn’t help.