📊WARSH SPEECH PUTS SEPTEMBER HIKE BACK IN PLAY Markets sharply repriced the September Fed decision following Kevin Warsh’s Jackson Hole speech. The probability of the Fed holding rates dropped from 71% before the speech to 50%, while odds of a 25bp hike jumped from 30% to 49%. A rate cut remains virtually off the table at 1%. Warsh’s inflation-focused message has turned September into a near coin flip. https://kalshi.com/markets/kxfeddecision/fed-meeting/kxfeddecision-26sep?utm_source=walterbloomberg(*Walter Bloomberg)