US stocks fall pre-market as Fed hike odds jump to 62% after Warsh's hawkish remarks
US stocks fell pre-market (SPX -0.4%, NDX -0.7%) as global bond yields hit nearly two-decade highs, oil rose on renewed US-Iran tensions, and odds of a Fed hike in September jumped to 62% after Chairman Warsh's hawkish Jackson Hole remarks, with Brent reaching $92/bbl. Jared Dillian separately noted two straight weak payroll reports colliding with still-high odds of another rate hike, with markets pricing a 66% chance of tightening at the next meeting.
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@garyblack00
U.S. stocks fell pre-market (SPX -0.4%, NDX -0.7%) as global bond yields hit nearly two-decade highs, oil rose on renewed US-Iran tensions, and odds of a Fed hike in Sept jumped to 62% after Chairman Warsh’s hawkish Jackson Hole remarks. Brent reached $92/bbl, the 10-year
@TU_Crypto_News
Jared Dillian says two straight weak payroll reports are colliding with still-high odds of another rate hike. He points to a 55,000 estimate for this week’s payrolls, while markets price a 66% chance of tightening at the next meeting.