Kevin Warsh’s Jackson Hole debut triggered a cautious sell-off. His hawkish inflation stance increased expectations of a September rate hike, pressuring equities—especially tech stocks. Expecting bearish for the coming week.
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...





