In his first major speech since becoming Federal Reserve chair, Kevin Warsh said Friday that the central bank may soon need to raise interest rates because inflation remains too high. The remarks mark a significant shift in monetary policy expectations, potentially affecting borrowing costs for consumers and businesses. Meanwhile, a survey reveals that many Gen Z adults still rely on their parents for financial support, with parents covering a substantial portion of their expenses. Additionally, a nutritionist has shared her top Costco grocery picks, all under $20, aimed at helping families eat healthier without breaking the bank.
Costco Wholesale CorpFed Chair signals rate hikes, implying higher policy rate.
Rate hike expectations push long-term yields up.
