The Kobeissi Letter said on X that markets may be assigning too much weight to the chance of a rate hike in September. The outlet framed its view around Stephen Warsh and former U.S. President Donald Trump, arguing that Trump had effectively made rate cuts a condition for Warsh to become Federal Reserve chair. Based on that premise, the post questioned whether Warsh would really raise rates in the first policy move after being appointed by Trump. The comment was cited by BlockBeats on Sept. 11.
BlockBeats also noted that The Kobeissi Letter is a U.S. macro and political commentary outlet with 2.6 million followers on X. According to the report, the outlet has repeatedly published analysis and forecast pieces on Trump’s statements and actions, and Trump has reposted its coverage on Truth Social in the past. The post did not provide any additional policy signal from the Federal Reserve itself, but presented the outlet’s view that market pricing for a September hike is too high.
BlockBeats reported on Sept. 11 that U.S. macro and political outlet The Kobeissi Letter said on X that markets may be overestimating the probability of a September rate hike.
The post said: “Trump has effectively made rate cuts a condition for Warsh to become Fed chair. So would Warsh really hike rates in the first rate decision after being appointed Fed chair by Trump? We believe the market is overpricing the possibility of a September rate hike.”
BlockBeats added that The Kobeissi Letter has 2.6 million followers on X. The report also said the outlet has published multiple analysis and forecast pieces focused on Trump’s remarks and actions, and that Trump has reposted its coverage on Truth Social.
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