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Fog of War
- Amid a stasis in the conflict in the Middle East, this week’s CPI inflation data from the US suggested price pressures might be broadening out ahead of the upcoming Fed monetary policy meeting.
- At face value this might be a hawkish signal for policymakers ahead of the next FOMC meeting on October 28th.
- Speaking after the data had been released, at the annual IMF meetings in Bangkok, Warsh refused to be drawn on the near-term outlook for rates.
- Warsh also returned to the broader macro theme of the boom in AI-related investment, and the resulting prospects for the economy.
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