Evercore vs Harvey & Company

Warsh Fed hike signals open-ended tightening cycle

Federal Reserve Chair Kevin Warsh's decision to raise interest rates, framed as removing 'a dose of accommodation', has spurred speculation on Wall Street about the extent of future rate hikes. Markets are now pricing in higher odds of additional increases in October and December, with Goldman Sachs and Bank of America adding October hikes to their forecasts. Warsh's rejection of the 'neutral rate' framework as operationally irrelevant marks a departure from recent Fed policy communication, suggesting a more open-ended tightening approach. Analysts interpret the language as hawkish, indicating the Fed sees current policy as stimulative rather than restrictive. The Fed's benchmark rate now stands at 3.75%-4%, with futures implying a rate of 4.635% by end of 2027, suggesting three to four more hikes. This shift in Fed communication has broad implications for financial conditions, consumer borrowing costs, and advertising spending.

• Federal Reserve raised benchmark rate by 25 basis points to 3.75%-4% on September 16, 2026
• Chair Kevin Warsh described the hike as removing 'a dose of accommodation'
• Goldman Sachs and Bank of America added an October rate hike to their forecasts

Evercore: AI Driving More Amazon Purchases; Price Target Raised

Evercore ISI said artificial intelligence is driving more consumers to Amazon's shopping platform and raised its price target on Amazon shares to $355 from $315. Analyst Mark Mahaney cited survey evidence that 57% of Alexa AI users bought a product they were not previously aware of, and that 36% of survey participants reported buying more because of AI additions to Alexa. Evercore’s annual online retail survey found 92% of respondents had used Amazon versus 58% for Walmart. The firm’s call aligns with Wall Street consensus, which LSEG data shows is overwhelmingly bullish on Amazon.

• Evercore ISI raised its price target for Amazon shares to $355 from $315.
• Evercore ISI survey found 57% of Alexa AI users bought a product they were not previously aware of.
• Evercore ISI’s annual online retail survey reported 92% of respondents had used Amazon; Walmart had 58% penetration.

Q2 2026 Evercore Inc. Earnings Conference Call

July 29, 2026 8:00 AM EDT - Earnings conference call for Q2 2026. Webcast and calendar links provided.