Markets increase bets on September Fed rate hike after hawkish remarks, pushing Treasury yields to multi-year highs

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Markets increase bets on September Fed rate hike after hawkish remarks, pushing Treasury yields to multi-year highs

⚡ Markets: Increased probability of a Fed rate hike strengthens the USD and pushes up global bond yields. Negative for equities (especially tech/growth), gold, and emerging market assets. Positive for the dollar.US 10Y YieldDXYSPXGold

Comments by former Fed Governor Kevin Warsh at Jackson Hole have been interpreted as hawkish, leading markets to price in a higher probability of a September interest rate hike. The shift has pushed the 10-year US Treasury yield above 4.75%, strengthening the dollar and putting pressure on equities, gold, and emerging market assets.

West MSM 3Financial press 11Google Non-West 1West Right 15 countries

16 sources across the spectrum

Financial pressCNBC — Markets see Warsh endorsing a rate hike in September. Not everyone is convinced

Financial pressWall Street Journal — Long-Term Global Government Bond Yields Hit Fresh Highs

West MSMEuronews — Oil prices higher as US-Iran tensions flare and Warsh fans rate hikes

Financial pressWall Street Journal — Warsh Makes the Case for Higher Rates and Raises the Bar for Standing Pat

West MSMReuters — Wall Street closes lower as oil prices jump, indexes notch monthly gains

Financial pressBloomberg — Treasury 10-Year Yield Tops 4.75%, Highest Since January 2025

Financial pressBloomberg — Gold Steadies After Tumbling as Warsh Spurs Fed Rate-Hike Bets

Financial pressCNBC — Santoli: Why investors should be on high alert heading into September

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