Warsh's speech tomorrow becomes a policy observation window; an unexpected inflation uptick breaks the market's wait-and-see expectations.

BlockBeats news, October 15 — September inflation data shattered the market's previous expectation that the Federal Reserve could continue to wait. Over the past few weeks, several policymakers had hinted that the Fed did not need to rush another rate hike, but the latest data has made the October meeting once again a key juncture at which action could be taken.

Federal Reserve Chairman Kevin Warsh had previously pledged not to guide the market through short-term monetary policy outlooks. However, after the unexpected uptick in inflation, the market is paying particular attention to his speech in Bangkok at Thursday evening New York time (11:30 Beijing time on the 16th). At that time, he will hold a fireside chat with International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

The Federal Reserve will enter a media blackout period on Saturday in preparation for its policy meeting on October 27-28. Before then, if the Fed wishes to send the market signals about its interest rate decision, Warsh's speech will become an important window.