Markets pushed September rate-hike odds from 35% to 57% after Fed Chair Warsh refused to signal policy direction at Jackson Hole, sending the S&P 500 down 0.25% and the Nasdaq 0.52% on Friday.
Tag: Jackson Hole
Posted inEconomy
Warsh Debuts at Jackson Hole Warning That Inflation Is Still Too High
Fed Chair Kevin Warsh used his first Jackson Hole address to warn that July PCE inflation at 3.3% does not confirm underlying trends have improved, and called for a quieter central bank that signals less.
Posted inMarkets
S&P 500 Holds Below Record as Markets Wait for Warsh’s Jackson Hole Debut
Equity markets treaded water Thursday as traders positioned cautiously ahead of Fed Chair Kevin Warsh’s first Jackson Hole speech, with the S&P 500 holding at 7,676 and gold near $4,620.
Posted inEconomy
Warsh Heads to Jackson Hole With Markets Split on September Rate Hike
The Federal Reserve chair delivers his first Jackson Hole keynote on August 28, with traders pricing one-in-three odds of a rate increase nineteen days later at the September FOMC meeting.