Fed Chair Warsh’s latest comments suggest interest rates may stay higher for longer, with a September hike becoming a real possibility. For retail investors, this could mean short-term volatility in Singapore banks, REITs and high-dividend stocks, while cash and bonds become more attractive. If the Fed holds, markets could rebound quickly.
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Jackson Hole: 10 AM ET – Warsh's Words Could Move Markets.
PCE at 3.7% beat expectations unexpectedly, pushing the probability of no rate hike in September from 35% to 66%. Since Walsh took office, forward guidance has been scrapped and the dot plot abolished...