Fed's Warsh Era Begins: Disinflation Without Recession, Banxico Divergence Looms

The Fed, now under Warsh's leadership, has successfully reduced inflation from 9.1% (June 2022) to 3.4% (July) without triggering a recession, a rare soft landing. The article signals potential policy divergence with Banxico (Mexico's central bank), as the Fed's stance may shift under Warsh. This matters for global rate expectations and USD/MXN dynamics, though the piece is analytical rather than reporting a specific new event.