Kevin Warsh's Fed strikes a hawkish tone | Reuters Morning Bid
The Fed raises rates unanimously for the first time in over three years, with 16 of 18 policymakers penciling in another hike this year. The Bank of England is set for a hawkish hold as energy shocks and food prices threaten to push inflation above 4%. Meanwhile, the Bank of Japan faces calls from some policymakers to deliver a half-point move when markets are only pricing in a quarter.
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AI GeneratedThis Reuters World News update covers the US Federal Reserve's first interest rate hike in three years, a strategic pivot by Canada toward the EU, and the US Pentagon's admission of operating on-orbit weapons. Other reports include escalating Saudi-Yemen tensions, AI security breaches, FDA evaluations of testosterone for women, and tour controversies involving Ed Sheeran.
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