Kevin Warsh’s Inflation Message Misfires, Fuels Bets on Fed Rate Hike

Kevin Warsh’s inflation message misfires, fuels bets on Fed rate hike

Federal Reserve Chairman Kevin Warsh's communication style has raised investor concerns about inflation. Analysts now anticipate a December interest rate hike following his recent press conference. Warsh's remarks failed to clearly outline his inflation-fighting strategy to the market. This has led to increased pressure on the Federal Reserve to act decisively. Investors are closely watching for future communications and potential policy adjustm…

Bitcoin Reclaims $65K as PPI Data Cuts Rate-Hike Odds

Bitcoin’s PPI rate-hike odds connection played out in real time on Wednesday as softer-than-expected producer inflation data sent the July Federal Open Market Committee (FOMC) hike probability collapsing, lifting BTC back above $65,000 and the broader crypto market cap above $2.3 trillion. PPI Undershoots, Rate-Hike Probability Collapses The Bureau of Labor Statistics reported that headline PPI fell 5.5% year over year in June, below the 6.2% co…

Dow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates

Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”