Fed's Warsh Signals More Inflation Fight, Stocks Choppy

MacroDigital Finance

โดย The Wall Street Journal·

Summary · why it matters

Federal Reserve Chairman Kevin Warsh signaled the central bank may not be done fighting inflation, a stance that boosted bond yields and led to choppy trading in stocks. The Dow industrials rose after Warsh's speech, then pared gains in midday trading, while short-term Treasury yields moved higher as his comments at the Kansas City Fed's annual conference in Jackson Hole, Wyo., were taken as a sign that interest rates could rise. The 2-year Treasury yield recently traded at 4.33%, up from about 4.23% before the speech. The Nasdaq composite and chip stocks are lower after Marvell Technology's earnings disappointed investors, with shares sinking 10% despite higher revenue and profit. Oil prices are retreating, with Brent crude futures trading at about $88 a barrel.