Federal Reserve Chairman Kevin Warsh signaled the central bank may not be done fighting inflation, a stance that boosted bond yields and led to choppy trading in stocks.
The Dow industrials rose after Warsh's speech, then pared gains in midday trading. while short-term Treasury yields moved higher as his comments at the Kansas City Fed's annual conference in Jackson Hole, Wyo., this morning were taken as a sign that interest rates could rise. The 2-year Treasury yield recently traded at 4.33%, up from about 4.23% before the speech. The Dow industrials were flat.
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#yields #speech #chairman
The Dow industrials rose after Warsh's speech, then pared gains in midday trading. while short-term Treasury yields moved higher as his comments at the Kansas City Fed's annual conference in Jackson Hole, Wyo., this morning were taken as a sign that interest rates could rise. The 2-year Treasury yield recently traded at 4.33%, up from about 4.23% before the speech. The Dow industrials were flat.
Timber Was Gold in the South—Until a Market Collapse Crushed the Forest Economy
Trump Family's New Crypto Bank Is Backed by Abu Dhabi Sheikh
Nvidia Insists It Can Keep Printing Money to Fund the AI Boom
#yields #speech #chairman
1 month ago
