Jim Bianco welcomes Warsh's changes, viewing the shorter statement and task forces as a positive shift from an outdated 20-year-old communication style. He sees the Fed's hawkish tilt as appropriate and believes the market reaction (curve flattening) is correct. He expects the Fed to follow other central banks in raising rates.
explicit
inferred
RUT
Oil
Metals
inferred
Bianco Research
8.5
Investment Research Firm
Jim Bianco 8.5
Investment Research Firm
Jim Bianco 8.5
6/18/2026 12:17:55 AM
dxy
Bianco notes the Fed is following the ECB and BOJ in raising rates, which typically supports the dollar. The hawkish Fed tilt and curve flattening are consistent with dollar strength.
ndx
Bianco focuses on the bond market and the Fed's rate path, not explicitly on equities. His view that the Fed is following other central banks in raising rates suggests a neutral to slightly negative environment for risk assets, but he does not provide a strong directional view on the Nasdaq.
yields
If the Fed is going to be committed to raising rates to fighting inflation, the long end... on a relative basis should like it more. Front end yields go up, long end yields kind of hold steady or go up a little bit and you get that curve flattening.
| 6/12/2026 11:00:37 AM | short term cautious up | 7 days later | +0.62% | +0.31% |
| 5/28/2026 6:00:30 PM | medium term up | 20 days later | -0.04% | -0.04% |
| 5/28/2026 12:51:31 PM | medium term up | 20 days later | -0.04% | -0.04% |
| 5/11/2026 5:56:08 PM | medium term sharp up | 20 days later | +0.27% | +0.40% |
| 5/9/2026 2:39:35 AM | medium term sharp up | 21 days later | +1.47% | +2.21% |
| 4/30/2026 3:58:58 PM | medium term sharp up | 20 days later | +4.75% | +7.13% |
| 4/29/2026 11:56:07 PM | short term up | 5 days later | +0.59% | +0.59% |
| 4/29/2026 10:58:55 PM | short term sharp up | 5 days later | +0.59% | +0.89% |
| 4/22/2026 11:17:13 PM | short term sharp up | 5 days later | +0.72% | +1.08% |
| 4/22/2026 11:11:40 PM | short term up | 5 days later | +0.72% | +0.72% |
| 4/15/2026 5:00:11 PM | medium term up | 20 days later | +1.09% | +1.09% |
| 4/9/2026 5:41:19 PM | short term cautious up | 5 days later | -0.81% | -0.41% |
| 4/9/2026 5:36:25 PM | short term up | 5 days later | -0.81% | -0.81% |
| 4/9/2026 5:32:18 PM | short term up | 5 days later | -0.81% | -0.81% |
| 4/9/2026 3:55:52 PM | short term up | 5 days later | -0.81% | -0.81% |
| 4/7/2026 9:39:37 PM | medium term up | 20 days later | +1.47% | +1.47% |
| 3/30/2026 5:18:49 PM | medium term sharp up | 20 days later | -1.41% | -2.12% |
| 3/30/2026 5:17:13 PM | short term up | 6 days later | +0.56% | +0.56% |
| 3/29/2026 4:56:43 PM | medium term up | 21 days later | -2.12% | -2.12% |
| 3/20/2026 4:32:31 PM | medium term up | 21 days later | -0.85% | -0.85% |
| 3/20/2026 1:25:20 PM | medium term up | 21 days later | -0.85% | -0.85% |
| 3/18/2026 7:32:42 PM | medium term cautious up | 20 days later | +0.23% | +0.12% |
| 3/18/2026 7:32:42 PM | short term cautious up | 5 days later | +2.59% | +1.30% |
| 3/18/2026 7:32:42 PM | medium term cautious down | 20 days later | +0.23% | -0.12% |
| 3/12/2026 8:50:04 PM | short term sharp up | 5 days later | -0.61% | -0.91% |
| 3/9/2026 3:08:20 PM | medium term up | 20 days later | +4.98% | +4.98% |
| 3/4/2026 4:03:19 PM | short term up | 5 days later | -0.24% | -0.24% |
| 3/4/2026 3:33:17 PM | short term up | 5 days later | -0.24% | -0.24% |
| 2/20/2026 3:49:52 PM | medium term cautious up | 21 days later | +4.74% | +2.37% |
| 1/6/2026 10:41:18 PM | medium term up | 20 days later | +2.05% | +2.05% |
| 1/6/2026 7:30:15 PM | medium term up | 20 days later | +2.05% | +2.05% |
| 1/6/2026 4:06:05 PM | medium term up | 20 days later | +2.05% | +2.05% |
| 1/5/2026 3:34:19 PM | medium term up | 20 days later | +0.81% | +0.81% |
| 11/14/2025 5:39:52 PM | short term up | 7 days later | -2.30% | -2.30% |
| 11/13/2025 11:11:01 AM | medium term cautious up | 20 days later | -0.96% | -0.48% |
| 10/21/2025 10:16:55 PM | short term cautious down | 5 days later | +1.11% | -0.56% |
| 10/14/2025 3:56:23 PM | medium term up | 20 days later | +1.06% | +1.06% |
| 9/29/2025 3:25:33 PM | short term cautious down | 6 days later | +0.34% | -0.17% |
| 9/17/2025 1:26:35 PM | short term down | 5 days later | +0.39% | -0.39% |
| 9/15/2025 3:58:32 PM | short term cautious down | 6 days later | +2.91% | -1.45% |
| 9/4/2025 11:05:46 PM | medium term cautious up | 20 days later | +2.10% | +1.05% |
| 9/4/2025 9:35:50 PM | medium term cautious up | 20 days later | +2.10% | +1.05% |
| 8/28/2025 4:47:53 PM | medium term cautious down | 20 days later | -2.91% | +1.45% |
| 8/26/2025 4:19:00 PM | short term cautious down | 6 days later | +0.92% | -0.46% |
| 8/26/2025 4:05:31 PM | medium term sharp up | 20 days later | -5.00% | -7.50% |
| 8/26/2025 1:00:15 AM | medium term sharp up | 20 days later | -5.00% | -7.50% |
| 8/25/2025 3:41:18 PM | short term cautious down | 7 days later | +0.45% | -0.22% |
| 8/20/2025 6:53:54 PM | medium term cautious up | 20 days later | -6.88% | -3.44% |
| 8/19/2025 5:49:35 PM | short term cautious down | 5 days later | -0.49% | +0.24% |
| 8/14/2025 2:49:30 PM | medium term cautious down | 20 days later | -3.51% | +1.76% |
| 8/7/2025 2:21:54 PM | medium term cautious down | 20 days later | -1.82% | +0.91% |
| 8/5/2025 3:48:43 PM | medium term sharp up | 20 days later | +0.90% | +1.35% |
| 8/4/2025 3:58:24 PM | medium term cautious up | 20 days later | +1.88% | +0.94% |
| 7/19/2025 1:58:49 AM | medium term cautious down | 21 days later | -2.26% | +1.13% |
