Warsh downplays forward guidance on rates; speeches by two senior Fed officials still move the market; October rate hike expectations cool sharply.

Zhito Finance APP has learned that although Federal Reserve Chairman Warsh has made clear that he does not want to send a clear signal on the interest rate path to the market through forward guidance, the speeches of two senior Federal Reserve officials this week still significantly affected investor expectations. Federal Reserve Vice Chairman Jefferson and New York Fed President Williams successively said that the Federal Reserve has time to further assess the economic situation and does not need to rush to raise rates again, prompting the market to sharply lower its bets on an October rate hike.