Writing
🚨 THE FED JUST CHANGED THE GAME
The under gave markets a roadmap.
Under , that roadmap is gone. 💥
Warsh’s first FOMC message was crystal clear:
📌 Inflation is still too high
📌 2% target stays unchanged
📌 The Fed will NOT preannounce future moves
That’s a major policy shift.
Under Powell, markets relied on:
📊 Dot plots
📝 Forward guidance
🔄 Dovish pivots
🔄 Hawkish pivots
Now?
❌ Less guidance
❌ Less predictability
❌ More market volatility
Market reaction:
New reality:
Markets must price data in real time.
No more easy signals. No more clear navigation.
Welcome to the Warsh era. ⚡
#FOMC #Fed #markets