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Rate Hike Odds Tumble After Warsh Does Not Address October FOMC Meeting
Rate Hike Odds Tumble After Warsh Does Not Address October FOMC Meeting In our morning wrap we said that market sentiment was boosted overnight following Kevin Warsh's speech at the IMF meeting in Bangkok, specifically "The day's driver is Warsh (or rather what he didn't say): with the blackout starting Saturday, the Fed chair declined to push back on rate expectations and instead talked up a "massive investment surge" from AI." Goldman set the context, with its chief economist Jan Hatzius writing in a note overnight that in comments at the IMF’s annual meetings, Fed Chairman Kev