Fed's Warsh set for Jackson Hole debut amid rate-cut bets

Kevin Warsh will deliver his first Federal Reserve policy address as a Jackson Hole speaker this week, according to newsBTC, a debut traders are watching for signals on the central bank's rate path. Goldman Sachs said in a note reported by Bloomberg that slowing inflation remains "the best path" to lower US Treasury yields, reinforcing market expectations of policy easing.

The Nikkei Volatility Index rose to the 33 level in afternoon trading, according to BigGo Finance, with the outlet citing caution ahead of US corporate earnings and the Fed speech as the driver. Separately, Bloomberg reported that Saudi Arabia has shifted oil shipments onto Sinokor tankers routed north to avoid Houthi threats in the Red Sea, a hedging move against shipping-lane risk rather than a broader risk-on signal.

On the geopolitical track, the BBC reported that UK Prime Minister Andy Burnham, on his first official visit to Kyiv, pledged to keep pressure on Russia and agreed to transfer long-range missile blueprints to Ukraine, chairing a "coalition of the willing" meeting alongside President Volodymyr Zelensky. Business Insider and Yahoo Entertainment both cited an economist who studies financial crises now projecting a leverage-induced US recession by year-end.

In tech, UploadVR detailed Meta's (META) Project Phoenix headset refresh, part of a broader narrative around AI hardware investment that has drawn comparisons to prior product cycles at the company. No launch date or earnings trigger accompanied the report.