Warsh Says Price Stability Is Not About One Data Point
Warsh said ensuring price stability and quashing inflation is not about an individual date or an isolated data point.
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Warsh said ensuring price stability and quashing inflation is not about an individual date or an isolated data point.
Federal Reserve minutes said officials unanimously backed last month's quarter-point rate increase and that most viewed another hike by year-end as likely. The minutes also said future decisions will depend on incoming data.
Fed projects a slow return to inflation target, but no rise in unemployment Warsh says labor market damage is not needed to restore price stability Policymakers see expectations leading to tempered price hikes Others argue demand, somewhere in the economy, will have to take a hit By Howard Schneider and Ann Saphir WASH
Prediction-market and futures pricing moved sharply toward a September Federal Reserve rate hike after core inflation came in hotter than expected. Polymarket put the chance of a 25-basis-point hike around 80%, while CME FedWatch showed 91.6% Friday morning.
Markets repriced after Kevin Warsh’s Jackson Hole remarks, with September Fed hike odds rising to 66.4% from roughly 36%. The two-year Treasury yield, dollar, gold, S&P 500 and TLT all moved on the shift.