A few minutes and Kevin Warsh will deliver his speech in Jackson Hole
The whole market is waiting for one thing
Will his tone be hawkish or not?
A hawkish tone means he sees inflation as a problem and that interest rates may need to rise. If this comes through clearly, it could pressure stocks, crypto, and even gold.
But if he indicates that the Fed is not in a rush and will wait for the data before any move, the market may interpret it positively.
The issue is that five Fed members have recently spoken with a tone leaning hawkish, and inflation is still above target.
So any word from Warsh today could strongly move the market.
#JacksonHole
#Warsh
The whole market is waiting for one thing
Will his tone be hawkish or not?
A hawkish tone means he sees inflation as a problem and that interest rates may need to rise. If this comes through clearly, it could pressure stocks, crypto, and even gold.
But if he indicates that the Fed is not in a rush and will wait for the data before any move, the market may interpret it positively.
The issue is that five Fed members have recently spoken with a tone leaning hawkish, and inflation is still above target.
So any word from Warsh today could strongly move the market.
#JacksonHole
#Warsh
