FED WARSH SEES U.S . RESILIENCE AMID AI BOOM , MUM ON RATE - PATH VIEW

What happened: Fed Chairman Kevin Warsh said the U.S. economy is resilient amid an AI-driven investment surge, but gave no preview of the rate path, saying he does not prejudge meetings. Key numbers: IMF said AI investment would keep global growth above 3 per cent this year; oil prices hover above US$100 per barrel; the Fed hiked in September; an AI task force field hearing is set for Nov. 16. Why it matters: Markets still expect the Fed to wait until December to hike, and Warsh's remarks leave that expectation intact even after two inflation readings came in above expectations.

Fed Chairman Kevin Warsh said the U.S. economy is resilient amid an AI-driven investment surge, but gave no preview of the rate path, saying he does not prejudge meetings.

Markets still expect the Fed to wait until December to hike, and Warsh's remarks leave that expectation intact even after two inflation readings came in above expectations.