Home Latest Articles Summary The April FOMC meeting’s four dissents and resistance to maintaining an easing bias signal a higher bar for rate cuts under incoming Chair Warsh, suggesting investors may favor Treasury floating-rate strategies to navigate a prolonged “higher-for-longer” environment. Despite market expectations for a policy pivot, Powell’s decision to remain on the board and the data-dependent stance of both him and Warsh reinforce that labor and inflation - not leadership changes - will drive policy, supporting a neutral-to-defensive positioning in core bond allocations. With the Fed’s dot plot historically misjudging rate paths by as much as 140–180 basis points and still projecting cuts in 2026, investors should be cautious in relying on forward guidance and consider actively managed or laddered Treasury strategies to hedge policy uncertainty.…