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2026-09-17 10:58:10
[BlackRock: Markets May Overinterpret Warsh's Press Conference Remarks; Rate Hikes May Not Necessarily Be Negative for Risk Assets] (1) Jean Boivin, head of BlackRock's investment research institute, pointed out in a report that the market may overinterpret the remarks made by Federal Reserve Chairman Warsh at the post-meeting press conference. (2) He stated that the Fed's decision to raise interest rates helps establish the credibility of the new chairman. The emphasis on the strong performance of the US economy at the press conference was a significant feature, but the market interpreted it as a "hawkish" signal. (3) Boivin pointed out that against the backdrop of strong economic growth, rate hikes may not necessarily be bad for risk assets. He said, "We believe it is necessary to distinguish between the need to maintain the Fed's credibility and the start of a sustained rate hike cycle."
