Your Daily Scope and News of What Matters
Kevin Warsh’s first Jackson Hole speech lands Friday, Aug. 28, with the 30-year near multi-decade highs and Treasury buybacks doubling. July PCE prints Aug. 26. September FOMC hike odds sit in the 30s.
July minutes dropped Aug. 19. Nine members held 3.50–3.75%. Three presidents wanted +25 bp. Many said tightening is likely if inflation does not fall. Warsh floated six FOMC meetings a year. September 15–16 is still eight meetings, not six.
The Kansas City Fed symposium is Aug. 27–29. Theme is payments and financial innovation. Funds rate sits at 3.50–3.75% after a 9–3 July hold. September 15–16 is the meeting with new projections. Wyoming is a lecture hall, not an FOMC vote.