Wall Street Worries Less Fed Talk Will Spur Market Volatility

Macro
โดย Bloomberg·Read original
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Analysts are concerned that Federal Reserve Chair Kevin Warsh's promise of a quieter central bank will lead to more market volatility. TD Securities strategists Gennadiy Goldberg and Molly Brooks wrote that the removal of forward guidance should increase volatility and term premium. Warsh reiterated on Wednesday that he will refrain from offering forward guidance on rate decisions. Fed members have made 12 public appearances since Warsh's first FOMC meeting in June, down from an average of 18 in the same period over the past decade. Bank of America's Mark Cabana said less forward guidance likely means more volatility and uncertainty.

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