Prediction markets show Kevin Warsh has surpassed Kevin Hassett in probability of being elected as Federal Reserve Chair
Jinse Finance reported that data from the prediction market Kalshi shows that the probability of Kevin Warsh being elected as the Federal Reserve Chairman has surpassed that of Kevin Hassett, with the former currently at 49% and the latter at 48%. Another candidate, Christopher Waller, has a support rate of 4%. Previous reports indicated that Hassett's candidacy for the Federal Reserve faced resistance due to his relationship with Trump, raising concerns about the Fed's independence. Amid these concerns, Warsh's support rate has risen, and the market has responded quickly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The inflation bill has arrived, and Wall Street is starting to discount the "profit feast" of American companies.
Wall Street analysts have lowered their US stock earnings forecasts for the first time in 23 weeks, ending the longest streak of upward revisions since September 2021. High inflation and rising energy costs are squeezing profit margins in sectors such as consumer, raw materials, and finance. The combination of pressure on corporate earnings (the numerator) and rising discount rates (the denominator) is exposing US stocks to significant valuation adjustment risks.
Rezolve AI Targets $60 Million in Annualized Savings Under Cost Reduction Program; Shares Up Pre-Bell
Holley prepays USD 10 million term loan debt
--GUIDANCE: (CTAS) Cintas Expects Fiscal 2027 Revenue Range $12.15B to $12.27B, vs. FactSet Est of $12.22B
