analysts: Don't Expect Walsh to Offer Forward Guidance Tonight

Odaily Odaily reported that tonight, investors will once again hear from Fed Chairman Walsh, his second public appearance since his debut at the Fed's policy meeting two weeks ago. However, investors should not expect him to actually intend to provide forward guidance on future monetary policy, as Walsh has clearly stated his desire to reduce the use of forward guidance, arguing that it has not been helpful to the Fed in practice. Still, he may offer some insights on how to assess inflation and the economy.

Krishna Guha, head of strategy and economics at Evercore ISI, said: "We will watch how he articulates the inflation outlook and its drivers, including falling oil prices, easing inflation expectations, other commodities, a stronger U.S. dollar, and the spillover effects of AI costs." (Jinshi)