Fed Chairman Kevin Warsh told the IMF annual meeting in Bangkok last week that he would not prejudge the Fed's rate decisions, saying it is “a new chapter at the Fed” and the central bank is no longer in the business of forward guidance. Markets nonetheless read his remarks as guidance: fed funds futures put the chance of an unchanged rate at the October meeting at about 72% before his speech, above 85% afterward, and 95% by Thursday evening. The article notes this is a record high level of certainty only a little less than a week before the Fed meeting. In the article's account, investors took Warsh's refusal to signal future moves as a sign the Fed would not raise rates.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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