Warsh keeps Wall Street GUESSING on October rate move

• Kevin Warsh signals a new Fed approach by rejecting 'forward guidance' for rate decisions, which Kudlow views positively.
• Import and export prices (excluding fuel) are rising, with import prices at 6.0% in September, showing a pattern similar to CPI/PPI.
• Kudlow points to strong economic growth (Q3 GDP forecast at ~3.6%) and robust consumer spending, indicating the economy's resilience.
• Antoni attributes current inflation to a 'short-term oil shock' and global energy prices, noting some deflation in sectors like dairy and prescription drugs.

The discussion centers on recent inflation data, including rising import and export prices, and the Federal Reserve's monetary policy. Former Fed Chair Kevin Warsh's rejection of 'forward guidance' is highlighted as a positive shift. Both analysts acknowledge inflation but emphasize the economy's resilience and the short-term nature of current price increases, primarily due to oil shocks, suggesting manageability.