Fed Chair Kevin Warsh gave no guidance before the October 27 to 28 FOMC. Headline CPI hit 3.7% on gasoline, but services inflation excluding housing is running at a 4.6% annualized pace, which keeps a December hike in play.
Fed Chair Kevin Warsh closed the pre-meeting window in Bangkok without a signal on the Oct. 27–28 decision, telling the IMF he does not prejudge remaining 2026 meetings. Source
Fed Chair Kevin Warsh closed the pre-meeting speaking window in Bangkok on Friday, and he did it without a word on the October 27 to 28 FOMC. Speaking alongside IMF Managing Director Kristalina Georgieva, he said he does not prejudge meetings. "It's a new chapter at the Fed, and we're not in that business anymore." Officials are now in the blackout, with the federal funds range at 3.75% to 4.00% after the September 16 increase.
