#What happened to the markets after Kevin Warsh’s remarks?
> After yesterday’s meeting, guys, which was on Friday, August 28, the tone was more leaning toward tightening
> The Fed Chairman, Warsh, said that inflation is still above the Fed’s target. The Fed’s goal by the end of this year is for it to fall to 2%
> If inflation remains high, the Fed may need to raise interest rates, but he did not say with certainty that they will be raised in September. However, the market understood > > from what he said that he is leaning toward tightening, and the $XAU fell. This huge drop, and the $BTC , is still in a state of shock; they haven’t fully processed it yet. And the dollar was > Before the Fed, it was trading at 99.1. After the speech, it became 99.66
> That means it rose by 0.6%
> And the most important thing, guys: the chance of raising rates is not certain. It could go from 35% to 60% after the meeting that will be held on September 15–16
> > > And the interest rate decision will be on September 16—put it in your schedule
> After yesterday’s meeting, guys, which was on Friday, August 28, the tone was more leaning toward tightening
> The Fed Chairman, Warsh, said that inflation is still above the Fed’s target. The Fed’s goal by the end of this year is for it to fall to 2%
> If inflation remains high, the Fed may need to raise interest rates, but he did not say with certainty that they will be raised in September. However, the market understood > > from what he said that he is leaning toward tightening, and the $XAU fell. This huge drop, and the $BTC , is still in a state of shock; they haven’t fully processed it yet. And the dollar was > Before the Fed, it was trading at 99.1. After the speech, it became 99.66
> That means it rose by 0.6%
> And the most important thing, guys: the chance of raising rates is not certain. It could go from 35% to 60% after the meeting that will be held on September 15–16
> > > And the interest rate decision will be on September 16—put it in your schedule
