Window 28 Aug 2026, 14:03 UTC → 28 Aug 2026, 15:33 UTC
Price at window start 31¢ → at trigger 36¢ → at close 51¢
YES up · NO down
Resolves 09 Dec 2026, 00:00 UTC
Frozen payload
REPRICED Repriced +19.5pts: 31¢ at window start → 51¢ at close
OUTSIDE BAND Outside the 7-day band: above the upper bound 34¢ (band 30¢–34¢) band from 168 hourly obs / 7.0d
VOLUME 3.7× this market's 7-day norm, $38.7k in 24h
BOOK Book 1.5:1 bid, $12.4k/$8.1k within 10¢
TIMING First reprice T+70m
WIRE Wire: @financialjuice T+34m, link confidence 92%: "🔴 Traders now see a September Fed rate hike more likely than a continued hold."
WIRE Wire: @zerohedge T−70m, link confidence 75%: "Futures Flat, Bonds Drop Ahead Of Warsh Jackson Hole Speech https://t.co/exuFCZnXkc"
UNUSUAL SIZE Largest trade $1.1k, 1.1× this market's typical big trade size baseline: 95th pct of 238 trades / 7d
Book 1.5:1 bid, $12.4k/$8.1k within 10¢ · spread 1.0¢
Triggers (5)
28 Aug 2026, 14:03 UTC: Band breach (upper): 31¢ → 36¢ (+4.5pts), confirmed over 30s
28 Aug 2026, 14:11 UTC: Sustained reprice: 36¢ → 39¢ (+3.0pts), confirmed over 30s
28 Aug 2026, 14:22 UTC: Sustained reprice: 39¢ → 42¢ (+3.5pts), confirmed over 30s
28 Aug 2026, 14:29 UTC: Sustained reprice: 42¢ → 47¢ (+4.5pts), confirmed over 30s
28 Aug 2026, 15:18 UTC: Sustained reprice: 47¢ → 51¢ (+4.0pts), confirmed over 30s
Context artifact
@zerohedge · X: surfaced 2 min after the break began
Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective
Speech highlights (courtesy of Newsquawk)
Rates Outlook
Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective
Policy Stance
Warsh says Fed’s predominant focus should currently be on prices
Warsh says July meeting’s “good majority” judged waiting was the wiser course
Balance of Risks
Warsh says price-stability numbers are “more concerning”
Inflation
Warsh says 2% PCE inflation target is firm and fixed; Fed must deliver stable prices
Warsh says summer inflation data were better than expected but do not show underlying trends meaningfully changed
Warsh says medium-term inflation expectations are broadly stable but must be closely monitored
Warsh says wage growth is moderate but not a reliable indicator of future inflation
Labor Market
Warsh says labor markets are stable
Economy
Warsh says economy appears to have strengthened; overall performance is impressive
Warsh says business investment is rising rapidly
Financial Conditions
Warsh says he is “hard-pressed” to describe financial conditions as restrictive
Warsh says credit and loan markets show few signs of policy restraint
Warsh says market prices show confidence Fed will deliver price stability