Gold, Bitcoin Sink: September Rate Hike Odds Jump to 60% After Warsh's Hawkish Speech
Gold and Bitcoin fell after Fed Chair Kevin Warsh's Jackson Hole speech pushed September hike odds near 60%.
Read original at benzingaEconomy · News reference
Fed Chairman Kevin Warsh says PCE inflation at 3.7% makes prices the Fed's predominant focus, and won't call financial conditions restrictive.
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Gold and Bitcoin fell after Fed Chair Kevin Warsh's Jackson Hole speech pushed September hike odds near 60%.
Read original at benzingaBond market performance has been disappointing since 2020, ending a 40-year bull market. Investors prioritize preserving capital, making gold valuable.
Read original at benzingaNvidia surged 9% and cybersecurity names exploded higher, yet 10 of 11 S&P 500 sectors fell as yields firmed before Jackson Hole.
Read original at benzinga