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Watch Live: Fed Chair Warsh Explains Why He Hiked Rates Into Stagflation

The FOMC just (unanimously) hiked rates for the first time since July 2023 despite recent inflation prints slowing...

Additionally, recent macro surprises are clearly signaling stagflation - the central banker's nemesis...

So, a hike for credibility... but Warsh’s biggest challenge will be communicating his outlook without reverting to forward guidance, even as markets seek clarity on whether today’s likely move is one-and-done, or the start of a broader tightening cycle.

With investors forced to extract more signal from his language, the press conference carries outsized front-end risk.

In a note to clients, BMO notes two-year yields have moved an average 14bps across his five public appearances as chair so far.

The big question for today of course, assuming they do hike, is whether this is likely to be a “one and done” move.

We haven’t seen one of those this century so far.

Jim Reid at Deutsche Bank catalogues that there were a few of those in the 1980s and 1990s.

Outside of them, "the shortest cycle on record remains the four hikes of 1986-87."

While all the talk is about the 'unanimous' decision today with the great majority of dots signaling at least one more hike this year... The Fed is extremely divided next year with four members see at least 2 rate-CUTS (policy error much)...

Quick reminder:

• In 2024, the Powell Fed cut 50bps 2 months before the presidential election with core CPI at 3.3%

• In 2026, the Warsh Fed hikes 25bps 2 months before the midterms with core CPI at 2.4%

Will Trump comment?

Watch the FOMC press conference live here (due to start at 1430ET):

Tyler Durden Wed, 09/16/2026 - 14:25

On a new episode of Straight Outta Flushing, Dexter Henry shares his take on Mets fans cheering for Pete Alonso after the Orioles slugger hit his 300th career home run during his first series at Citi Field as a visiting player.

The landmark townhouse occupies over 11,600 square feet and offers 12 bedrooms and nine bathrooms.

The Sept. 14 article, penned by Jerusalem-based reporter Isabel Kershner, covers the controversy over the documentary film "NAZA," which chronicles the alleged killing of Palestinian civilians by Israeli forces in Gaza and just won the Special Jury Prize at this year's Venice Film Festival.

The Federal Reserve on Wednesday issued its first interest-rate hike in three years, an effort to tamp down inflation that's expected to raise borrowing costs for Americans just ahead of the midterm elections.

Three people were stabbed and two others taken into custody at the suburban campus of Westchester Community College on Wednesday, county police said.

Last Friday, KJ was granted bond -- though his release date has yet to be announced. His bond was set at $200,000.

Last Friday, KJ was granted bond -- though his release date has yet to be announced. His bond was set at $200,000.

Gain instant access plus a $50 bonus for the Polymarket mobile app with the Polymarket promo code NYPMAX1.

The avert-your-eyes “Girl Group,” which had its world premiere at the Toronto International Film Festival, gives you new appreciation for the artistry that went into “Pitch Perfect.”

The Dodgers are far from invincible, but a rare strength might carry them to the history books

DOJ Accuses Russian Intel Ring Of Plotting Murder On American Soil

In something that sounds straight from the plot of "Homeland" or the more recent CIA thriller "Lioness", the Trump administration has charged multiple members of Russia's intelligence services with running a "global assassination network" that targeted Kremlin critics.

The Department of Justice has newly revealed and alleged that one murder plot even took place on American soil over the summer.

Russian FSB HQ, Moscow. Associated Press

The fugitives have been named but have not been apprehended, and are still at large. A murder-for-hire plot is detailed in an indictment which was unsealed Tuesday by federal prosecutors in New York.

The plot was never followed through on, but a Russian dissident is said to have been targeted, during which time a Brooklyn man was recruited by Cuban and Venezuelan individuals - both which were ultimately being run by a Russian intelligence handler - but the Brooklyn man is said to have gotten cold feet when asked to carry out an assassination.

The five defendants are all believed to live in Russia, and are part of what court documents call the "RIS Network," including a 63-year-old former Russian intelligence colonel named Yuri Khrameev, as well as his son Kirill.

According to a summary of the wild plot and allegations:

It marks the latest alleged attempt by a U.S. adversary to crack down on dissidents abroad, including in the United States and NATO-allied countries.

One of the murder-for-hire plots took place in July and August of this year, the indictment says. The Venezuelan operative and one of the Cuban operatives allegedly recruited a Brooklyn resident to take photos and videos of two locations associated with an unnamed Russian dissident, promising him $1,000 to $1,500 to carry out the "gravely serious work." Another $40,000 was offered to "eliminate" or "disappear" the target of the surveillance.

The operatives believed the Russian dissident lived in the Washington, D.C., area, Attorney General Todd Blanche told reporters at a briefing Tuesday.  The Brooklyn resident was willing to take photos, the indictment said, but expressed unwillingness to "do the other stuff" — as in, kill the dissident. The operatives then allegedly asked the Brooklyn resident if he knew of anybody else who was interested.

"Let me know as soon as possible because I have a chain and my boss has questions," one of the Cuban recruiters wrote, according to the indictment. "I have people in Mexico right now and they're delayed. I only need a response to know if someone can do the work. It doesn't have to be today or tomorrow just need to know if the[y] can."

Some skepticism is of course always warranted when dealing with official US claims related to what Russian intelligence is up to.

$25,000 to unalive someone for being a “bad guy” who was “telling lies about Russia.” And get this, they were also “spreading dirt about my country” and “distorting history.”

It reads like a cartoon. https://t.co/BLhHLoSxUF

— Aaron Andrew Hickman (@hickman0000) September 16, 2026

For example, the latter part of the above - where a foreign agent reportedly broadly asks his asset whether he knows anyone else that can do the killing - seems amateurish, dubious and needlessly high risk.

The Kremlin has on Wednesday rejected the claims, describing that there's simply no evidence to even warrant a serious explanation:

Until "any plausible evidence" emerges, there is no point in commenting on statements by the US Department of Justice about the exposure of a number of individuals allegedly working for Russian intelligence, Kremlin Spokesman Dmitry Peskov told reporters.

"Until we have heard and seen any credible evidence and arguments based on something tangible, we do not consider it necessary to comment on this news," he noted in response to a request to comment on a statement by US Attorney General Todd Blanche, who said that a number of individuals working for Russian intelligence had been exposed in the country.

New: The Russian government backed a murder-for-hire plot on U.S. soil, according to this new indictment from the DOJ.

cc @CourthouseNews pic.twitter.com/1EcQctp8Rm

— Erik Uebelacker (@Uebey) September 15, 2026

Washington has over recent years lobbed significant accusations of espionage and nefarious recruitment schemes against Russian intelligence, especially since the Ukraine war began. Russian intel seems much more active in Europe, however.

The other country which tends to get named in these reports is Iran. The Trump administration has even accused the IRGC of its own assassin-for-hire plot against the president himself.

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Tyler Durden Wed, 09/16/2026 - 13:55

The sat front row at Thom Browne after celebrating Kai's Breakthrough Model of the Year win Friday.

The sat front row at Thom Browne after celebrating Kai's Breakthrough Model of the Year win Friday.

Could an Executive membership be the new dating green flag?

Kawhi Leonard is officially a Raptor. The Clippers traded Leonard to Toronto in June, but the deal was put on hold amid the NBA’s investigation into the LA organization violating salary cap circumvention rules. The league found wrongdoing and the Clippers’ punishment includes losing five first-round picks and a $30 million fine. Kawhi Leonard of...

Alexander Zverev's past legal woes were a topic of conversation on the world feed broadcast of his four-set win against Ben Shelton to win the U.S. Open title on Sunday.

They’ve got quite the operation to win the mirror ball! “Grey’s Anatomy” star Harry Shum Jr. and partner Jenna Johnson shared behind-the-scenes videos of their rehearsals for “Dancing with the Stars” Season 35. See the duo practice their moves ahead of the premiere. Subscribe to our YouTube for the latest on all your favorite stars.

They’ve got quite the operation to win the mirror ball! “Grey’s Anatomy” star Harry Shum Jr. and partner Jenna Johnson shared behind-the-scenes videos of their rehearsals for “Dancing with the Stars” Season 35. See the duo practice their moves ahead of the premiere. Subscribe to our YouTube for the latest on all your favorite stars.

The Clippers needed to trade Kawhi Leonard, but the sanctions from the NBA will be felt for years.