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Fed's Warsh Signals September Rate Hike; USD Surges, Stocks Dip

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Fed Chair Warsh signaled a likely September interest rate hike to combat inflation, defying political pressure.
  • Market odds for a hike jumped to 60%.
  • Warsh also aims to stabilize bond yields, while long-term yields are expected to rise.
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USDJPY price history

157.12 +0.79% over the displayed period

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