Fed raises rates for first time in 3 years; Warsh says inflation has been too high for too long

Fed raises rates for first time in 3 years… Warsh: "Inflation has been too high for too long" [Wall Street Newsletter]

Watch on YouTube ↗ | September 16, 2026 at 22:00 | 44:20 | 3PRO TV (삼프로TV)

Speakers

Park Myung-seok — Curator

Summary

Park Myung-suk, curator of the Wall Street Newsletter, reviews the Fed's first rate hike in three years and Warsh's hawkish press conference, which pushed Treasury yields higher and pressured equities. The discussion covers higher-for-longer rate risk, oil supply tensions, dollar and Bitcoin moves, and the possibility of more Fed and BOJ hikes. Later he highlights AI-driven optical networking, gas power and backup power names, Circle's weakness, renewed space interest, and downgraded S&P 500 targets.

Fed hikes 25bp; Warsh says inflation has been too high for too long and leaves the door open to more hikes.
Short-term Treasury yields jump and the 10-year yield moves back above 5%, weighing on stocks.
Oil stays near $102 on Middle East supply risks; Bitcoin shows support near $75k-$76k.
AI infrastructure news supports CoreWeave and optical networking names like Ciena, Lumentum, and Coherent.
GE Vernova, Bloom Energy, and Generac are highlighted around gas and backup power demand.
Circle weakens on CLARITY Act concerns; space stocks draw attention on Starship and orbital defense news.
Citi favors non-US developed markets such as Japan and Europe, plus value/cyclical exposure.
Yardeni and Wells Fargo cut S&P 500 targets, reflecting a more cautious market tone.

Ideas

Park Myung-seok Curator 2:11

Hawkish Fed lifts Treasury yields further

The Fed raised rates by 25bp and Warsh delivered a strongly hawkish message, saying inflation has been too high for too long and that additional hikes may be needed. Short-term Treasury yields jumped and the 10-year yield moved back above 5%; if oil does not fall, long-term yields can rise further, so the trade is for elevated or higher US Treasury yields.

Park Myung-seok Curator 6:40

Bitcoin shows support near $75k

Bitcoin sold off but rebounded, showing support around $75k-$76k. The move is only a couple of hours old, so the speaker says it needs to be watched into the next day for confirmation.

Park Myung-seok Curator 24:04

BOJ hike and yen watched

The BOJ is expected to hike 25bp, but yen-strength positioning has already built up, so the decision is a volatility event to watch; the market appears somewhat prepared for it.

Park Myung-seok Curator 26:55

Oil stays high on supply risks

Oil remains around $102 and Middle East escalation, including Saudi/Houthi tensions and an Aramco pipeline issue with a six-week production recovery target, keeps supply risk high. Unless oil falls, it will keep inflation pressure and 10-year Treasury yields elevated.

Park Myung-seok Curator 34:05

S&P 500 targets cut as macro turns

Yardeni and Wells Fargo cut S&P 500 targets and PER assumptions around the Fed hike, indicating that macro and rate pressure is turning market sentiment negative. The speaker warns that dismissing this shift could be costly.

Park Myung-seok Curator 35:38

Citi favors Japan, Europe, value

The speaker relays Citi's view that developed markets outside the US, especially Japan and Europe, can perform well until mid-next year even as US rate hikes pressure US equities, and that investors should favor value and cyclical exposure over excessive growth.

Park Myung-seok Curator 35:38

Citi favors Japan, Europe, value

The speaker relays Citi's view that developed markets outside the US, especially Japan and Europe, can perform well until mid-next year even as US rate hikes pressure US equities, and that investors should favor value and cyclical exposure over excessive growth.

Park Myung-seok Curator 36:52

CoreWeave wins Vera Rubin deployment

CoreWeave received an NVIDIA Vera Rubin multi-rack cluster deployment. The multi-rack architecture increases rack-to-rack connection needs and supports AI infrastructure demand, which helped CoreWeave shares.

Park Myung-seok Curator 37:17

AI scale-out boosts optical networking

Vera Rubin multi-rack AI clusters require dense rack-to-rack connections, increasing demand for optical communications and scale-out networking. Ciena raised its long-term revenue growth target, and Lumentum and Coherent moved higher with the theme.

Park Myung-seok Curator 37:45

Gas power orders support GE Vernova

GE Vernova is regaining attention as its SMR project progresses, with expectations that gas generation capacity orders will increase. SMR itself has not rallied, but gas power expectations remain supportive, and Bloom Energy moved up alongside it.

Park Myung-seok Curator 38:03

Generac gains Amazon supply contract

Generac, a backup generator maker, signed a long-term supply contract with Amazon, causing an after-hours spike. The stock had fallen sharply recently, so the contract is a positive catalyst to watch.

Park Myung-seok Curator 39:01

Space stocks regain momentum

Space-related stocks are getting attention again on SpaceX Starship 18 expectations, the US disclosure of orbital weapons, and renewed space command rhetoric. SpaceX is up sharply from lows, but the listed space theme remains an early watch item.

Park Myung-seok Curator 40:12

Circle broken by CLARITY Act

Circle shares have broken down because of the CLARITY Act, and the Arc mainnet launch did not help the stock. The speaker frames it as a weak or broken setup.

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This 3PRO TV (삼프로TV) video, published September 16, 2026, features Park Myung-seok discussing 10-year US Treasury yield, 2-Year US Treasury Yield, BTC, FXY, WTI, SPY, VGK, EWJ, Value stocks, IWF, CoreWeave, LITE, CIEN, COHR, GEV, BE, GNRC, SPACE, CRCL. 13 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Myung-seok · Tickers: 10-year US Treasury yield, 2-Year US Treasury Yield, BTC, FXY, WTI, SPY, VGK, EWJ, Value stocks, IWF, CoreWeave, LITE, CIEN, COHR, GEV, BE, GNRC, SPACE, CRCL