Fed's Warsh Refuses to Signal Rate Path, October Hike Odds Fall to 17%

• —Warsh: "This is a new chapter for the Fed, we no longer do this"
• —October hike odds dropped from about 30% to 17%
• —The Fed raised rates 25 bps in September to 3.75%–4%
• —September core CPI rose 0.33% m/m for a second month