đïž jackson hole â warsh's first keynote, hawkish tone
The most important event of the week â and the market didn't love it. Warsh delivered his first Jackson Hole keynote Friday August 28 with the theme "Financial Innovation: Implications for Payments and Policy." But the message on inflation was clear and hawkish đ
Warsh said the Fed's preferred measure of inflation, the 12-month change in the PCE price index, stands at 3.7%, while the six-month change has reached 4.1% â describing the 2% inflation target as a "firm, fixed target." He noted that 54% of the 199 goods and services in the PCE basket recorded price increases above 3% during the past 12 months â still far above the pre-pandemic average of 32%. đŹ
Bitcoin fell nearly 2% to about $79,200 after trading above $80,000 earlier in the day. Polymarket traders raised the probability of a 2026 rate hike to 68% after the speech. The market was hoping for a dovish pivot â instead it got a clear inflation-fighter. đïž
đïž Warsh: PCE at 3.7% â "firm, fixed" 2% target, no compromise
đĄïž 6-month PCE: 4.1% â trending in wrong direction
đ $BTC : fell from $80K+ to $79,200 after the speech
đš Rate hike probability September: jumped to 68% on Polymarket
â ïž No rate cut signal â price stability is the Fed's "predominant focus"
#dyor #JacksonHole #Warsh #raiserate #warshraiserate
The most important event of the week â and the market didn't love it. Warsh delivered his first Jackson Hole keynote Friday August 28 with the theme "Financial Innovation: Implications for Payments and Policy." But the message on inflation was clear and hawkish đ
Warsh said the Fed's preferred measure of inflation, the 12-month change in the PCE price index, stands at 3.7%, while the six-month change has reached 4.1% â describing the 2% inflation target as a "firm, fixed target." He noted that 54% of the 199 goods and services in the PCE basket recorded price increases above 3% during the past 12 months â still far above the pre-pandemic average of 32%. đŹ
Bitcoin fell nearly 2% to about $79,200 after trading above $80,000 earlier in the day. Polymarket traders raised the probability of a 2026 rate hike to 68% after the speech. The market was hoping for a dovish pivot â instead it got a clear inflation-fighter. đïž
đïž Warsh: PCE at 3.7% â "firm, fixed" 2% target, no compromise
đĄïž 6-month PCE: 4.1% â trending in wrong direction
đ $BTC : fell from $80K+ to $79,200 after the speech
đš Rate hike probability September: jumped to 68% on Polymarket
â ïž No rate cut signal â price stability is the Fed's "predominant focus"
#dyor #JacksonHole #Warsh #raiserate #warshraiserate