Fed Chair Reaffirms 2% Inflation Goal as Markets Expect Stable Rates

Federal Reserve Chairman Kevin Warsh has reiterated the central bank's dedication to its 2% inflation target during his congressional testimony. This statement aligns with the Fed's previous decision to maintain the federal funds rate between 3.5% and 3.75%. Market sentiment reflects strong confidence, with an 86% probability priced in for the Fed to hold rates steady.