Fed de Warsh: menos sinalização, mais volatilidade no mercado? | Morning Call

The market begins July still trying to understand what changes at the Federal Reserve under Kevin Warsh's leadership. In his first meeting as chair, the Fed kept interest rates at 3.50% to 3.75%, but the decision itself wasn't the only relevant point. What caught attention was the communication: less signaling about the next steps, less predictability, and more weight given to upcoming inflation, employment, and activity data. This change matters because the market had become accustomed to looking for clues in the Fed's speeches. With Warsh, the interpretation may be less direct: Treasuries, the dollar, and stock markets tend to react more to data and less to promises about the future path of interest rates. At the same time, investors want to understand if Warsh will reinforce a tougher stance against inflation or if the Fed will have room to keep interest rates stable for longer. This debate could influence the US yield curve, the Nasdaq, the S&P 500, gold, oil, and also risk assets in emerging markets. In ActivTrades' Morning Call, Júnior Wuttke analyzes what the market is looking for in Kevin Warsh's upcoming signals and how this new phase of the Fed could affect interest rates, the dollar, and stock markets. 📌 You will see: ✅ Why Kevin Warsh changed the focus of the Fed's communication ✅ How less signaling can increase the reaction to economic data ✅ What the market is looking for in inflation, employment, and activity ✅ Why Treasuries and the dollar tend to react first ✅ How the Fed's new tone could affect Nasdaq, S&P 500, gold, and oil ✅ What to watch before the next US employment data 📅 Wednesday, July 1st — 7:50 AM (Brasilia time) 📍 Live on ActivTrades' YouTube channel 🔔 Set a reminder and follow the complete analysis. *** CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You could lose some or all of your capital. No investment is risk-free.