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In March, zero Fed officials saw a rate hike this year.
Today half of them do.
Kevin Warsh ran his first meeting as Fed chair. Wall Street expected dovish. He held rates and let the projections do the damage. 9 of 18 now want a hike this year.
Then he refused to submit his own dot. Called the dot plot useless. Killed forward guidance.
The message is simple.
Stop waiting for the Fed to tell you what happens next.