RATE HIKE ODDS TUMBLE AFTER WARSH DOES NOT ADDRESS OCTOBER FOMC MEETING

What happened: Fed Chairman Kevin Warsh did not address the upcoming October FOMC meeting in remarks at the IMF annual meetings, saying the intermeeting period broadly conformed to September expectations. Key numbers: October rate hike odds fell to 13%, less than half their level before Warsh spoke. December hike odds rose to new contract highs. Why it matters: Goldman's Jan Hatzius wrote that Warsh's comments, alongside remarks from Bowman and Daly, indicate the FOMC is set to pause in October, while Goldman continues to expect a second and final hike in December.

Fed Chairman Kevin Warsh did not address the upcoming October FOMC meeting in remarks at the IMF annual meetings, saying the intermeeting period broadly conformed to September expectations.

Goldman's Jan Hatzius wrote that Warsh's comments, alongside remarks from Bowman and Daly, indicate the FOMC is set to pause in October, while Goldman continues to expect a second and final hike in December.