Jackson Hole and the Fed's Tell

This week, the Macrocast team breaks down Fed Chair Warsh's Jackson Hole speech, where he flagged persistent above-target inflation even as he acknowledged a resilient economy, a clearer signal than the Fed has sent in months. Markets responded by pricing in higher odds of a September rate hike, though the long end of the Treasury curve moved more than policymakers would like, complicating the picture.They cover Treasury Secretary Bessent's intervention in the long end Treasury market, new sanctions on Iranian financial networks, and close with what's ahead: next week's jobs report, which could be the deciding factor on whether the September hike actually happens. For more about the hosts, please see below: FTPMarkets Policy Partners