Warsh sidesteps rate path, markets expect stability

Federal Reserve Chairman Kevin Warsh emphasized that he has not made any forecasts or projections regarding monetary policy, reaffirming that the central bank's goal is to achieve price stability. At the same time, investors have reduced their expectations for a rate hike in the October meeting, with the likelihood of an increase dropping from 27% to less than 15%. Meanwhile, stock prices continued to rise, and the dollar declined slightly. A Federal Reserve official in New York indicated that interest rate hikes are likely to occur "late in the year," but Warsh assured that he will not announce the results of meetings before they happen.

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