WARSH DEBUT MAY TRIGGER BOND VOLATILITY Kevin Warsh could spark bond-market volatility in his first press conference today, Fidelity portfolio managers say. The Fed is expected to hold rates at 3.5%–3.75% and shift to a neutral stance, but uncertainty centers on Warsh’s inflation messaging. Markets have swung amid geopolitical shocks, with Treasuries and swaps repricing toward possible hikes. Investors are focused on whether Warsh sounds hawkish or dovish in his debut.(*Walter Bloomberg)