In today’s Market 360, I’ll explain why Wall Street panicked over Warsh’s first Fed meeting… why I believe that panic is misplaced… and why the real story right now is not the dot plot, the inflation numbers or anything else Wall Street is worried about.
Federal Reserve Chair Kevin Warsh held rates steady but the dot plot showed nine officials favoring hikes against market expectations. For tech executives, significant because Warsh's Fed recognizes AI as disinflationary and abandons rigid forward guidance, reducing restrictive policy risk.
Listen to the audio version of this article (generated by AI).
Editor’s Note: The stock market will be closed tomorrow, June 19, for the Juneteenth holiday. The InvestorPlace offices and customer service departments will also be closed.
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Every pilot takes off with a flight plan.
Before the wheels leave the runway, he knows where he’s headed, how he’ll get there and what conditions to expect along the way.
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