Warsh's First Speech at Jackson Hole Meeting Draws Attention to Inflation and Interest Rate Remarks

MacroDigital Finance Impact 4
โดย Jiji Press·US·Read original
Summary · why it matters

The Federal Reserve Bank of Kansas City's economic symposium, the Jackson Hole Meeting, will be held from the 27th to the 29th in Wyoming, where newly appointed Fed Chair Warsh will deliver his first speech on the 28th. The latest July Consumer Price Index (CPI) rose 3.4%, slowing for the second consecutive month, but the Trump administration's intensified sanctions on Iran and disruptions in the Strait of Hormuz have kept gasoline prices elevated, fueling early rate hike speculation. Additionally, concerns over fiscal deficits and prolonged inflation, along with increased funding demand from the AI boom, pushed the 30-year Treasury yield to a 19-year high of over 5.3% last week. Bank of America warned that if the speech does not address measures to curb inflation, the 30-year yield could surge to 5.5%. With the focus on whether a September rate hike will occur, Warsh's remarks have added to policy uncertainty, and the market is watching whether he will mention a review of communication methods.

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