Fed Chair Warsh’s major speech is out!
The key takeaway in one sentence: He won’t pre-commit to interest rate decisions or prejudge the outcome of future rate meetings.
There was no hard-line hawkish stance and no tough talk about rate hikes.
After the speech, markets immediately scaled back rate-hike expectations. The dollar weakened and Treasury yields fell.
Gold and silver got some instant breathing room, with short-term momentum for a rebound.
But remember! Warsh didn’t promise rate cuts. If inflation picks up again, the door to rate hikes remains open.
That means a short-term rebound ≠ a trend reversal.
What do you think—can the market’s rebound continue after this speech? Let’s talk in the comments.
$XAU $BTC
The key takeaway in one sentence: He won’t pre-commit to interest rate decisions or prejudge the outcome of future rate meetings.
There was no hard-line hawkish stance and no tough talk about rate hikes.
After the speech, markets immediately scaled back rate-hike expectations. The dollar weakened and Treasury yields fell.
Gold and silver got some instant breathing room, with short-term momentum for a rebound.
But remember! Warsh didn’t promise rate cuts. If inflation picks up again, the door to rate hikes remains open.
That means a short-term rebound ≠ a trend reversal.
What do you think—can the market’s rebound continue after this speech? Let’s talk in the comments.
$XAU $BTC