Fed Rate Hike Odds Rise
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By Howard Schneider WASHINGTON, Sept 2 (Reuters) - After opening the door to higher interest rates last week, U.S. Federal Reserve Chairman Kevin Warsh has to decide how to follow through with actions the public and investors will see as both consistent with his own words and independent of President Donald Trump's wishes.
While much of Wall Street is standing by to hear what Federal Reserve Chairman Kevin Warsh has to say today at his first speech to the Jackson Hole economic symposium, history suggests the stock market is likely to react with a whimper rather than a roar.
Treasury yields mostly rose as the impact of Fed Chairman Warsh’s Jackson Hole speech on Treasury markets seems to be fading fast..