FED CHAIR WARSH: INFLATION PROGRESS IS STILL TOO LIMITEDđœ
Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote on August 28 â and his message was clear: the inflation fight is far from over.
đ Key takeaways:
âą đșđž U.S. inflation remains above the Fedâs 2% target
âą â ïž Warsh said progress over the past two years has been modest
âą đŻ The Fed needs confidence that inflation is moving toward 2% clearly and fast enough
âą đ„ If that confidence isn't there, âwe have work to doâ
âą đ His comments increased expectations that rate hikes could return if inflation stays elevated
âą đ” Markets reacted with a stronger dollar and higher rate-hike expectations.
The biggest message for markets:
Warsh is putting price stability back at the center of Fed policy â and traders are now watching the upcoming inflation data even more closely.
đ„ Could September bring a Fed rate hike?
The inflation data may decide everything.
#Fed #FederalReserve #KevinWarsh #JacksonHole #Inflation $AAPL.US $BTC
Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole keynote on August 28 â and his message was clear: the inflation fight is far from over.
đ Key takeaways:
âą đșđž U.S. inflation remains above the Fedâs 2% target
âą â ïž Warsh said progress over the past two years has been modest
âą đŻ The Fed needs confidence that inflation is moving toward 2% clearly and fast enough
âą đ„ If that confidence isn't there, âwe have work to doâ
âą đ His comments increased expectations that rate hikes could return if inflation stays elevated
âą đ” Markets reacted with a stronger dollar and higher rate-hike expectations.
The biggest message for markets:
Warsh is putting price stability back at the center of Fed policy â and traders are now watching the upcoming inflation data even more closely.
đ„ Could September bring a Fed rate hike?
The inflation data may decide everything.
#Fed #FederalReserve #KevinWarsh #JacksonHole #Inflation $AAPL.US $BTC
