Fed Chair Warsh Gives No Rate Clues at Jackson Hole

The absence of forward guidance is itself a signal for rate-sensitive assets, as crypto pricing has increasingly leaned on liquidity expectations. A data-dependent stance means every inflation print becomes a potential volatility trigger, so the market's focus shifts to near-term economic releases rather than central bank rhetoric. Whether Bitcoin can decouple from macro uncertainty or remains tethered to Fed timing is the key dynamic to watch.