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Story summary
- U.S. Vice President JD Vance urged the Federal Reserve to cut rates to make homes affordable.
- Fed Chair Kevin Warsh signaled possible rate hikes if inflation stays above target, opposing the White House.
- President Donald Trump urged the Fed to cut rates by up to one percentage point, calling its stance “monetary malpractice”.
- Analysts assign a 60-79% chance of a quarter-point hike at the Sep 15-16 FOMC, raising rates to 3.75-4.00%.
