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Senate Approves Vashed as Fed Chair; Commonwealth Bank Expects Rate Hikes from December

2026-05-15 08:38:13

According to Commonwealth Bank foreign exchange strategist Carol Kong, the U.S. Senate on May 15 approved Vashed as the new Federal Reserve chair. Kong stated the Federal Open Market Committee (FOMC) will "likely be forced" to begin raising interest rates from December this year, with the bank currently forecasting three rate hikes during the cycle.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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