Fed keeps markets guessing after Warsh's Jackson Hole speech
- —Warsh reaffirmed the 2% inflation target with current inflation at 3.7% over 12 months
- —The Fed raised rates by 25 bps to 3.75–4% on September 17
- —First rate hike since 2023, ending a pause of about three years
- —Warsh dropped forward guidance in favor of a meeting-by-meeting approach
Why it matters: Dropping advance signals raises volatility: PCE and labor market data will become the main triggers for crypto and risk assets.
Source: Crypto Briefing