Fed Chair Warsh Damps Rate-Hike Signals as Global Banks Tighten...

Fed Chair Kevin Warsh used a Thursday evening speech to signal the central bank's thinking ahead of its interest-rate decision in two weeks, though his carefully chosen words—and notable silences—left room for interpretation about whether the Fed plans to cut, hold, or raise rates. Central bank communications matter enormously to financial markets, which scrutinize every phrase for hints about future policy, making the gap between what Warsh said and what he avoided saying potentially significant for investors and borrowers alike.