Fed Chair Kevin Warsh heads to Jackson Hole amid inflation above target and Treasury bond-buyback tensions
Fed Chair Kevin Warsh heads to Jackson Hole caught between inflation still above target and Treasury Secretary Scott Bessent's bond-buyback push, with Bank of America warning his speech could push the 30-year Treasury yield to 5.5% and PGIM calling the Treasury strategy 'self-limiting' and 'self-defeating'.
Detected & updated continuously · Source: Nebula
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@Benzinga
Fed Chair Kevin Warsh heads to Jackson Hole caught between inflation still above target and Scott Bessent’s bond-buyback push. PGIM’s Greg Peters called Treasury’s strategy “self-limiting” and “self-defeating,” saying markets want guidance Warsh may not be able to give.
@robertojirusta
El Jackson Hole más importante de los últimos años: la deuda de EEUU necesita que Warsh no castigue más al bono Bank of America teme que el discurso del nuevo líder de la Fed dispare el bono a 30 años de EEUU hasta el 5,5% El nuevo presidente de la Fed estrena su doctrina en un
@NeelMacro
PCE inflation came in hotter than expected. It’s mainly because oil stayed above $80. I’m not worried about it. My eye is on Warsh’s speech at Jackson Hole. I think the Fed will hold rates at the September meeting as well.