Svmuu News: Tonight, investors will once again hear from Federal Reserve Chairman Warsh, in his second public address since making his debut at the Fed’s policy meeting two weeks ago.However, investors should not expect him to provide forward guidance on future monetary policy, as Warsh has made it clear that he wishes to scale back the use of forward guidance and believes it has not been helpful to the Federal Reserve in practice. He may, however, offer some insights into how he assesses inflation and the economy.
Krishna Guha, head of strategy and economics at Evercore ISI, said, “We’ll be watching to see how he frames the inflation outlook and its drivers, including falling oil prices, moderating inflation expectations, other commodities, a stronger dollar, and cost spillover effects from artificial intelligence.” (Jin Shi)