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Fed Chair Warsh Signals September Rate Decision Is Set

By Markets Desk · 2026-09-11 · Updated 2026-09-11 08:41 UTC
A wooden gavel resting on a dark desk surface.
Illustration: Tradingbird

Fed Chair Kevin Warsh has signaled that the September 16 rate decision is set, with the central bank focusing on the sticky 3.3% Core PCE inflation figure rather than recent CPI declines. Warsh’s recent remarks confirm that the PCE index is the primary metric for achieving their 2% price stability goal, indicating policymakers are likely to act on this basis regardless of other economic data.

  • According to GN markets/inflation (en-US), Fed Chair Kevin Warsh has explicitly designated the PCE index as the 'firm, fixed target' for the central bank, a stance highlighted during his Jackson Hole address. This clarification suggests that the Fed is prioritizing the stickier PCE data over the recent decline in CPI, reinforcing the view that the September 16 policy decision is effectively predetermined despite softer consumer price reports.

    Source: GN markets/inflation (en-US)

  • Core PCE inflation at 3.3% indicates the Fed is prepared to act on September 16.

    Source: GN markets/inflation (en-US)
Based on reporting by GN markets/inflation (en-US) and GN markets/inflation (en-US), compiled by the Tradingbird desk.

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