Warsh Reaffirms ‘Will Deliver Price Stability;’ Cagey On Fed’s Next Move
– Won’t Prejudge Outcome Of Late October FOMC Meeting – ‘Discouraging’ Inflation Reports Change Some Attitudes Toward Tightening By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Kevin Warsh reaffirmed the Fed’s commitment to “deliver price stability” late Thursday in Bangkok, but refused to give any guidance as to what further actions he and his […]
FOMC Hikes Funds Rate 25 BP For First Time In 3 Years To 3.75-4.0% Range
– Warsh: Strong Economy, High Inflation Made FOMC ‘Remove Dose of Accommodation’ – Warsh: Rate Hike Should Ensure ‘Timelier Return’ to Fed’s 2% Inflation Target – Warsh Refuses to ‘Prejudge’ Future FOMC Actions; No ‘Forward Guidance’ – FOMC Participants Project Funds Rate At 4.1% end ‘26; 4.1% end ‘27; 3.9% End ‘28 – PCE Inflation […]
BofA Global Research Fund Manager Survey: Fund Managers Cut Back on Risk in September amid Rising Uncertainty
— Managers Increase Cash, Reduce Other Holdings –Potential ‘Disorderly’ Rise in Bond Yields Seen as Top ‘Tail Risk’ NEW YORK (MaceNews) – Uncertainty about a wide array of issues put a dent in fund manager bullish exuberance in September, as per the latest BofA Global Fund Managers survey, released Tuesday. As a result of mounting […]
FOMC Holds Rates Steady; Drops Easing Bias By Ending Forward Guidance
— SEP Shows Fed Officials See Funds Rate Rising To 3.8% By End ‘26; Back to 3.6% end ’27 – -SEP Inflation Forecast Lifted for 2026 From 2.7% to 3.6% — Warsh Didn’t Submit Funds Rate Dot; Half Want Rate Same or Lower; Half Want Rate Hike – -Warsh Committed To 2% Inflation; ‘Compatible’ With […]