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Commentary
August 28, 2026

FHN Financial Economic Weekly: Friday, August 28, 2026

FHN Financial Economic Weekly: Friday, August 28, 2026

The PCE inflation data is a great example of good news that is not good enough. It took a while for traders to realize, but Fed Chairman Warsh drove the message home on Friday. He does not think policy is restrictive and he is committed to containing inflation. The only way to make sense of those two statements is to pencil in higher rates.

Click here to read this issue of the Economic Weekly.

Authors

Chris Low

Chris Low

Chief Economist

Sophia Kearney-Lederman

Sophia Kearney-Lederman

Senior Economist

Will Compernolle

Will Compernolle

Macro Strategist

Mark Streiber

Mark Streiber

Economic Analyst

FHN Financial Economic Weekly: Friday, August 28, 2026 - FHN Financial