Warsh's Hawkish Jackson Hole Speech Spurs 2-Year Yield Jump to 4.31%
Fed Chair Kevin Warsh's hawkish Jackson Hole speech on August 28 drove the 2-year Treasury yield up 12 bps to 4.31%, and market odds of a September rate hike surged to 55.7%.

Recent reporting, ordered by date and section.
Fed Chair Kevin Warsh's hawkish Jackson Hole speech on August 28 drove the 2-year Treasury yield up 12 bps to 4.31%, and market odds of a September rate hike surged to 55.7%.

SEALSQ Corp. develops post-quantum semiconductors while QSE signs a Malaysia deal for a Quantum Preparedness Assessment platform, as the U.S. commits $2 billion to quantum computing with 9 companies.
Intel, Jim Cramer's top pick, has soared over 200% this year. The chipmaker's AI opportunities face scrutiny as post-quantum cryptography and edge AI advances reshape the landscape.
The Federal Reserve held rates at 3.5%-3.75% in Kevin Warsh's first meeting as chairman, but a hawkish statement and press conference sent the S&P 500 down 70 points. Nearly half of FOMC members project rate hikes later
Equinix, Cisco, and NVIDIA expand collaboration to deploy Cisco Secure AI Factory with NVIDIA across Equinix data centers, providing enterprises a real-world environment to test AI before full-scale deployment.
DeepSeek closed a $7.4 billion funding round, while SpaceX acquired AI coding tool Cursor for $60 billion in stock. Anthropic suspended Fable and Mythos models due to U.S. export controls.
Coinbase will let users own, trade, hold and redeem onchain securities backed 1:1 by underlying U.S. equities, with dividends paid automatically — putting a regulated U.S. exchange into the tokenized stock race.
Anthropic is negotiating with the Trump administration to remove restrictions on its AI models, as the company valued at $965 billion prepares for an IPO.
New Fed Chair Kevin Warsh faces his first FOMC meeting on June 17 with inflation at roughly double the 2% target, pressuring rate policy. Markets see virtually no chance of a cut, per CME's FedWatch.
Tether's BitNet fine-tuning framework enables training a 13-billion-parameter LLM on an iPhone 16, achieving 8x faster inference than CPUs. The framework works on consumer GPUs and handheld devices.
Senator Cynthia Lummis leads bipartisan call for Treasury to provide explicit guidance on state certification under the GENIUS Act, citing April's stablecoin rules may sideline state regulators.
Kevin Warsh presides over his first FOMC meeting as Fed chair this week, with inflation at double the 2% target. Markets expect rates to hold steady, but a rate hike debate looms.
New Fed Chair Kevin Warsh, appointed by President Trump, presides over his first meeting on June 17 with rates expected to stay at 3.50%-3.75%. Inflation at double the 2% target may push toward hikes.