3 stories tagged interest rates.
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%.
The Federal Reserve kept interest rates steady at 3.5%-3.75% with an 8-4 vote, the most dissents since 1992. Kevin Warsh is expected to become the next Fed chair as Jerome Powell remains a governor.
Federal Reserve officials divided over monetary policy after Iran ceasefire. Markets see rate-cut odds double, but inflation threatens hikes. Money market rates hit 4.22% —highest in recent memory.