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Jesse Cohen, senior markets analyst at Investing.com, summarizes Warsh’s remarks at Jackson Hole, noting that a September Federal Reserve rate hike remains possible.
Markets raised the likelihood of a September hike from approximately 36 percent to 56 percent following the speech. Warsh emphasized that inflation is currently the main focus for the Fed, stating the labor market appears consistent with full employment.
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Cohen has recently commented on strong earnings momentum in the technology sector. He highlighted the nearly 9 percent premarket rise in CrowdStrike shares to a record high following robust quarterly results. The move was attributed in part to ongoing advances in artificial intelligence.