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Layah Heilpern, owner and host of The Layah Heilpern Show at https://x.com/LayahHeilpern, comments that financial markets appear to be pricing in immediate rate cuts from the Federal Reserve if Kevin Warsh were to take leadership.
She observes that with oil prices at $105 and consumer price inflation still at 3.7%, the committee is unlikely to move on rates in the near term. Heilpern cautions investors to avoid chasing short-term rallies under current market conditions.
Heilpern has previously urged caution in periods of market optimism. In October, she advised traders against chasing rallies during strong upswings in crypto prices. Last month, she also warned investors after $2.7 billion flowed into Bitcoin ETFs over three weeks.