BREAKING: Fed Chair Kevin Warsh announces that the Fed has "dropped" forward guidance. "Forward guidance is not the business we should be in," he says.

@KobeissiLetter What are they going to do instead?

@ThinkAppraiser @KobeissiLetter Backward guidance

@ThinkAppraiser @KobeissiLetter Lie and change how they collect and collate data so they can make the political message align with their ideologies.

@ThinkAppraiser @KobeissiLetter Psychics.

@ThinkAppraiser @KobeissiLetter Kalshi guidance

@ThinkAppraiser @KobeissiLetter Wait till November elections to hike rates.

@ThinkAppraiser @KobeissiLetter secretely give the guidance to specific high net worth individuals or funds ;-)

@ThinkAppraiser @KobeissiLetter The job as written. Back to basics.

@ThinkAppraiser @KobeissiLetter Look at the data as it is and react accordingly

@ThinkAppraiser @KobeissiLetter Secret tips to politically connected friend?

@ThinkAppraiser @KobeissiLetter Rely on vibes

@ThinkAppraiser @KobeissiLetter Not do it

@ThinkAppraiser @KobeissiLetter Real-time data

@ThinkAppraiser @KobeissiLetter Head up ass guidance

@ThinkAppraiser @KobeissiLetter They want to keep market participants guessing, and make it harder to front run the Fed. There's lots of data coming in which will move treasury prices.

@ThinkAppraiser @KobeissiLetter forward guidance reduces agility and can compound errors when forecasts prove wrong. The Fed is shifting toward a more data dependent approach. Fed didn’t really give previews before 2000 anyway. So its just a return to how it used to be.

@ThinkAppraiser @KobeissiLetter Wing it.

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