Fed Chair Warsh Avoids Signaling on October Rate Move, Markets React Positively

Federal Reserve Chairman Kevin Warsh refrained from providing fresh signals on upcoming interest rate decisions during his remarks at the IMF-World Bank Annual Meetings in Bangkok. He reiterated the Fed's commitment to price stability and noted the removal of accommodation a month prior, but stated he would not prejudge future meetings. Markets interpreted the lack of hawkishness as positive news, contributing to higher stock futures on Friday.