$BTC
The market’s expectations for possible short-term monetary relief were strongly recalibrated following the key conclusions of the speech:
Rejection of Soft Inflation Readings: Fed Chair Warsh emphasized that the recent lower inflation readings do not guarantee a lasting trend, warning against an early loosening of policy while July’s PCE inflation remains elevated at 3.7%.
The market’s expectations for possible short-term monetary relief were strongly recalibrated following the key conclusions of the speech:
Rejection of Soft Inflation Readings: Fed Chair Warsh emphasized that the recent lower inflation readings do not guarantee a lasting trend, warning against an early loosening of policy while July’s PCE inflation remains elevated at 3.7%.