Investors will hear Fed chair KEVIN WARSH speak tonight but should not expect
new forward guidance—he has signalled he wants to curtail its use and considers
it of limited practical value. He may, however, discuss how he assesses the inf
outlook and its drivers. Evercore ISI head of strategy and economics Krishna
Guha said market attention will be on how Warsh frames the inf outlook, citing
drivers such as falling oil, easing inf expectations, other commodities, a
stronger dollar and potential AI-related cost pass-through.
