'Fed whisperer': Friday's inflation report is key to whether the Fed raises rates.

BlockBeats news, September 10 — "New Fed Wire" Nick Timiraos said that Warsh's speech at Jackson Hole convinced investors that an interest rate hike was more likely, but he did not tell them what would trigger a hike. The market filled this information gap, and the market now expects a rate hike magnitude that Warsh never promised. Therefore, Friday's inflation report is seen as key to deciding whether to raise rates, a decision-making approach Warsh has opposed for years.