{
  "id": 15032523,
  "title": "Dollar Index slips as Fed Chair Warsh won't prejudge October",
  "url": "https://urgent.news/2026/10/16/dollar-index-slips-as-fed-chair-warsh-wont-prejudge-october",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T16:24:50.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/dollar-index-slips-as-fed-chair-warsh-wont-prejudge-october-202610161624"
  },
  "original_language": "en",
  "account": "Fed Chair Jerome Warsh refrained from predicting the Fed's decisions for October and December, which contributed to a decline in the Dollar Index, despite a slight increase in September industrial production. The index fell from just above 102.00 to approximately 101.85 within a five-minute period following Warsh's comments at a press conference. It reached its lowest level since October 1 before reaching the 101.60 mark twice. Warsh emphasized that the Fed would wait until the designated meetings to make decisions, stating that the Fed was moving away from previewing its actions. The anticipation of an interest rate hike in October and December diminished, as seen in the decrease in bets on an October 27-28 hike from nearly 28% to around 16%. This drop in expectations coincided with a decline in the Dollar Index. Warsh also expressed his approval of simultaneous rate hikes around the world, noting that for the Dollar Index, it is preferable when all countries' central banks raise rates.",
  "summary": "Fed Chair Warsh's last word before the quiet period was that he doesn't prejudge meetings, and the Dollar Index is lower on it, though the drop stalled near 101.60 twice. It fell from just above 102.00 to about 101.85 in one five-minute bar as he spoke, then slid to its lowest since October 1.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Warsh offers no fresh signals on interest rates",
        "url": "https://urgent.news/2026/10/16/warsh-offers-no-fresh-signals-on-interest-rates",
        "published": "2026-10-16T14:31:52.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Analysis: Everyone expects the Fed to hold rates in October. Kevin Warsh could surprise us all",
        "url": "https://urgent.news/2026/10/16/analysis-everyone-expects-the-fed-to-hold-rates-in-october-kevin",
        "published": "2026-10-16T15:46:07.000Z"
      },
      {
        "outlet": "Fast Company",
        "title": "Fed chair Warsh says price stability is key but deflects on rate signals",
        "url": "https://urgent.news/2026/10/16/fed-chair-warsh-says-price-stability-is-key-but-deflects-on-rate",
        "published": "2026-10-16T16:52:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}