La nueva Fed de Kevin Warsh

The Fed left rates unchanged, but markets increased bets on an October hike, signaling a hawkish policy outlook. Kevin Warsh also began making changes inside the central bank, adding a governance dimension to the move. The article is broadly neutral on fundamentals, but the policy signal has meaningful market-wide implications for rates and risk assets.

Analysis

The Fed left rates unchanged, but markets increased bets on an October hike, signaling a hawkish policy outlook. Kevin Warsh also began making changes inside the central bank, adding a governance dimension to the move. The article is broadly neutral on fundamentals, but the policy signal has meaningful market-wide implications for rates and risk assets.