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Breaking Posted 59 min ago

Warsh's hawkish Jackson Hole speech raises September hike odds

News
Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole reinforcing market expectations for a tighter policy stance, supporting the September FOMC rate-hike narrative already priced after July minutes showed three dissents. USD gains on higher rate expectations; traders repricing Fed terminal rate higher ahead of Friday's PMI and UK data releases.
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