Newsig · CNBC
Here is what changed in the new Fed statement under Warsh
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.
Why it matters
SPY (SPDR S&P 500 ETF) · Why linked: Fed FOMC statement changes directly impact rate expectations and broad equity valuations Market context: Neutral to bearish depending on hawkish/dovish tilt; Warsh's policy stance shifts are market-moving
DXY (US Dollar Index) · Why linked: FOMC statement language changes affect dollar rate expectations Market context: Bullish if more hawkish; bearish if more dovish
TLT (20+ Year Treasury) · Why linked: Long-duration Treasuries are most sensitive to Fed policy language changes Market context: Bearish on hawkish shifts; bullish on dovish shifts
JPM (JPMorgan) · Why linked: Large bank stock sensitive to Fed policy and rate expectations Market context: Neutral; rate path implications
How SPY, TLT usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 10 | +0.67% | 70% |
| TLT | 9 | +0.62% | 67% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy