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Real-time News
On August 28th, Omar Sharif, an analyst at inflation research firm Inflation Insights, stated, "Federal Reserve Chairman Warsh gave the market what it wanted: a more detailed explanation of his views on current economic data, especially inflation data. Of course, he didnt reveal any potential future policy actions. In that sense, it seems to be a win-win situation for both Warsh and the market."On August 28th, Natixis analyst Hodge believed that Federal Reserve Chairman Warshs speech did indeed provide some guidance on the "response function": Warsh also proposed a standard for measuring inflation progress. Policymakers must be confident that underlying inflation is moving toward the 2% target "at a clear and sufficiently rapid pace."U.S. Treasury Secretary Bessant: We have also warned that any entity assisting Iran will not be allowed continued access to the dollar and the global financial system. The UAE branch of Egypts Misr Bank has decided to "learn the lesson" from this warning. Today, we are taking the first step in holding them accountable in response to their continued and egregious support of the Iranian regime.On August 28th, MISU analyst George Gonçalves stated, "Lets see how the market ultimately reacts, but for now, the markets reaction is likely to become increasingly muted with each speech by Fed Chairman Warsh, unless he starts pushing the FOMC into a genuine cycle of continuous rate hikes, rather than just one. If his speeches remain hawkish, but there are no rate hikes in the next few meetings, then its just repeating old rhetoric, and the short-term markets reaction will become increasingly weak, potentially even risking the loss of the long-term market in the fourth quarter."U.S. Treasury Secretary Bessenter: The Treasury Department pledged to cut off every remaining economic lifeline of Tehran, ultimately ending the threat to the Iranian regime.
