Morning Dose #340: Fed Day: The Hike Is Priced In, Warsh Isn’t – Wednesday 9/16/2026

Episode summary

With a 25bp hike near-certain, this Fed Day episode breaks down why the green futures tape is a relief rally built on retreating oil rather than genuine risk appetite. The team digs into deteriorating market breadth, a hawkish retail sales beat, and the real catalyst of the day — Governor Warsh’s 2:30 PM tone — before laying out a patience-first trading playbook with key continuation and reversal names.