Crypto reacted positively during Warsh’s press conference.
The Fed held rates at 3.75% to 4%, but the decision was not unanimous. Cook and Hammack both wanted another 25 bps hike.
Warsh said inflation remains elevated and the September hike is starting to work. Credit conditions have tightened for some households and businesses.
But he also said he is unwilling to call overall financial conditions tight.
The Fed wants more data before deciding its next move and is not committed to another hike in December.
Starting next year, the Fed will also reduce its number of rate setting meetings. There will be seven in 2027 and only six in 2028.
Overall, it was a hawkish pause. The Fed kept the door open for more hikes, but Warsh did not sound in a rush to deliver one.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore
The Fed held rates at 3.75% to 4%, but the decision was not unanimous. Cook and Hammack both wanted another 25 bps hike.
Warsh said inflation remains elevated and the September hike is starting to work. Credit conditions have tightened for some households and businesses.
But he also said he is unwilling to call overall financial conditions tight.
The Fed wants more data before deciding its next move and is not committed to another hike in December.
Starting next year, the Fed will also reduce its number of rate setting meetings. There will be seven in 2027 and only six in 2028.
Overall, it was a hawkish pause. The Fed kept the door open for more hikes, but Warsh did not sound in a rush to deliver one.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore
