Fed Chair Kevin Warsh's Wednesday press conference was far less defensive than his early appearances, and he is letting markets guess his next move to a degree. He said financial conditions are tighter but declined to call them tight, signaling a lean toward higher rates and laying groundwork for a possible December hike if inflation stays stubborn. Warsh did not confirm that officials who talked down market expectations had acted at his direction, and stressed that the inflation target is a flat 2%. He announced that the FOMC will skip rate-decision votes at one meeting in 2027 and two in 2028, while still meeting eight times a year. PGIM chief U.S. economist Robert Sockin called holding rates this week a “policy mistake” that could force the Fed to hike higher and raise recession risk.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
FedKevin Warshinterest ratesinflationDXY
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Fed expected to hold rates steady, but Warsh may point way to more hikes
Markets overwhelmingly expect the Federal Reserve to keep benchmark rates unchanged this week after its September increase, so investors are focused on signals from Chairman Kevin Warsh about future moves. September CPI rose 3.7% annually, driven largely by energy prices, while core CPI reached 2.6%, up 0.3 percentage points from August. Deutsche Bank's Brett Ryan expects Warsh to signal that further tightening will likely be needed over time, while Evercore ISI's Krishna Guha warns of material execution risk given the Fed's limited detail on how it views risks. Trading in fed funds futures implies about a 10% chance of a hike this week but more than 80% for December, according to CME Group's FedWatch tool.
- CME FedWatch Estimations - Economy Southeast AgNET
A week ago, the CME FedWatch tool showed a 60-65% chance of a quarter-point rate hike at the Federal Reserve’s two-day meeting next Wednesday. Recent comments by Chairman Warsh have calmed those expectations: he called inflation “a common challenge,” pointed to tightening monetary policies worldwide, and said AI is creating a huge tailwind for economies. The chance of a hike has fallen to 15%, with 85% odds of no change next week. The Fed does not meet in November, but CME FedWatch shows a 90% chance of a rate hike at the December meeting.
- Stock Market Today: Dow Wavers Ahead Of Rate Decision, Warsh Comments; Robinhood Plunges (Live Coverage)
- Dollar Posts 1.5-week High on Expectations for Hawkish FOMC Commentary
The dollar index (DXY00) rose 0.26%, hitting a 1.5-week high and extending gains to a third consecutive session. The dollar is getting support ahead of the 2-day FOMC meeting starting today, as markets expect Fed Chair Warsh to deliver somewhat hawkish comments on future rate hikes.
- Gold Prices Rise as Fed Rate Hike Bets Fade , ANZ Sees $5 , 000 in 2027
Gold rose on Monday as investors scaled back expectations of another Federal Reserve rate hike in October following remarks from Fed Chair Kevin Warsh. Spot gold climbed 0.2% to $4,173.59 per ounce, silver, platinum and palladium also gained, and traders cut the probability of a 25-basis-point hike below 20%. Gold has held above $4,000 since August but remains about 20% below its level before the U.S.-Iran conflict began in February. ANZ sees fiscal concerns, Chinese demand and central bank diversification supporting gold over the longer term, while elevated yields and dollar strength limit near-term upside, and it forecasts bullion could exceed $5,000 per ounce in 2027.
- Not going to prejudge: Fed Chair keeps rate outlook open; calls AI positive supply shock
Fed Chair Kevin Warsh declined to signal the central bank's next interest-rate move, saying he would not “prejudge” policy decisions. Speaking at the 2026 IMF and World Bank Annual Meetings, he described artificial intelligence as a “positive supply shock” for the economy over the medium term, though it is hitting demand first. He said the US is seeing a massive investment surge, though the trend is not equally visible across countries, and challenged the view that prolonged economic weakness is inevitable. Major brokerages expect a possible rate hike in December, while markets broadly expect the Fed to hold rates steady at its October 27-28 meeting.
Related markets
Latest news
- The Battle That May Matter Most for Netflix Stock Isn't Against Disney
Netflix had over 325 million paid memberships at the end of 2025, but concerns about subscriber engagement have grown. Although it called engagement “healthy” in its second-quarter 2026 report, it cut the What We Watched report from twice a year to once a year, and its Oct. 20 shareholder letter acknowledged a goal to accelerate view hours growth. The article argues YouTube, not Disney, is now the key competitor for attention: YouTube had over 1.7 billion unique viewers of World Cup-related videos and $11 billion in ad revenue in Q2 2026, versus Netflix's expected $2.7 billion in ad revenue for all of 2026. The bull case is that Netflix is adding live events such as football, boxing and concerts, though these rights require additional spending.
- Steve Eisman Says AI Giants Have 'No Moats.' Morningstar's $57 Billion Math Says Otherwise
Steve Eisman believes the weak link in the AI boom is that OpenAI and Anthropic are spending billions on computing power, while cheaper rival models could force them to cut prices, threatening their ability to keep spending.
- Stock Hits Limit-Down for an Eighth Straight Session: What's Going On?
Petro Times' PPT shares hit the daily floor price for an eighth straight session on Oct 29, falling to 6,600 dong, down about 56% since Oct 20 from 15,000 dong, as trading volume jumped to over 496,000 shares. The company attributed the drop mainly to supply and demand and acknowledged that business difficulties caused a sharp fall in after-tax profit. The sell-off followed a third-quarter report showing net revenue of 1,066 billion dong, down 9.4%, and an after-tax loss of over 22.1 billion dong versus a profit of nearly 2.4 billion dong a year earlier. The quarter included a loss of about 19.7 billion dong from transferring nine plots of land in Tràng Duệ, though nine-month after-tax profit still reached nearly 33.7 billion dong, about 4.4 times the year-earlier level. Market capitalization shrank from about 265 billion dong to nearly 130 billion dong.
- BC-Most Active Stocks
AP's list of the most active Nasdaq stocks for Thursday, October 29, 2026 shows Inlif Ltd. leading with 176,870,090 shares traded, followed by Robin Energy Ltd. with 67,774,298 shares. Alphabet appears twice in the ranking, with 45,458,505 and 31,129,255 shares traded, while GOOG fell 12.01% and the Nasdaq Composite dropped 1.32%. Other heavily traded names include Intel, Amazon, NVIDIA and Microsoft.
- Bank of England opens consultation on tokenized collateral for clearing
The Bank of England has opened a consultation on how central counterparties (CCPs) can accept digital versions of eligible collateral, saying existing rules already allow this when assets meet clearing standards. The draft supervisory statement clarifies what CCPs must address in applications under the current approval process, covering collateral already accepted and qualifying types under the proposed UK CCP Rulebook that are not yet in use. The statement would create no new regulatory obligations. The BoE stressed that tokenized collateral must remain capable of being valued, transferred and realized, including under stress, and that faster cross-border movement could help firms meet margin calls. Deputy Governor for financial stability Sarah Breeden said the consultation advances the Bank's secondary objective of innovation in financial market infrastructure while maintaining financial stability. The consultation closes on Feb. 12, 2027, and the Bank expects to publish its policy response and rules later this quarter.
- What C-suite leaders are taking away from Anthropic's S-1
Executive Editor Brian Sozzi of Yahoo Finance writes that many business leaders are digging into Anthropic's S-1 filing (ANTH.PVT) ahead of its IPO, and assessments vary widely. Robinhood's CFO said Anthropic's growth is up 1300% year over year and that customers spending more than 10 million a year fall into its top 250 customer group. The CFO oversees Robinhood Ventures, a concentrated portfolio anchored in AI and data infrastructure companies including OpenAI, Databricks, Murker and Cognition, so investor reception of Anthropic could affect those valuations and Robinhood's overall value. Robinhood's retail investors may also trade Anthropic shares and use the debut to move in and out of other AI names. Sozzi says he has never seen this level of interest in an S-1 during his career, well beyond the excitement around Facebook's IPO.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.