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The Fed moved its own 2026 median dot above today's policy rate and put nine officials on record for a hike. For owners of long-duration everything, that is the week. One chart.
In this episode
- The Fed moved its own forecast above today's policy rate — the first time this cycle it points up.
- The repricing showed up in the front end and the dollar, not just the dots.
- Warsh opened his chairmanship by putting the Fed's own plumbing under review.
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