Markets Slide as Fed Official Signals Potential Rate Hikes to Combat Inflation
US stock futures declined after Federal Reserve Governor Andrew Warsh used his Jackson Hole speech to emphasize the need for higher interest rates to sustainably lower inflation. His remarks, which directly countered calls for immediate rate cuts, reinforced the central bank's commitment to its dual mandate.
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Warsh Makes the Case for Higher Rates and Raises the Bar for Standing Pat - WSJ
Warsh Makes the Case for Higher Rates and Raises the Bar for Standing Pat WSJ
Read full article →U.S. stock futures slip as chances of rate hike rise after Warsh's Jackson Hole comments - Morningstar
U.S. stock futures slip as chances of rate hike rise after Warsh's Jackson Hole comments Morningstar
Read full article →ASX set to slide as Wall Street retreats; Fed chief talks up inflation fight
The bond market swung as investors built bets that the Federal Reserve may hike interest rates soon to get the nation’s high inflation under control.
By Stan Choe
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