Fed Chair Warsh Sends 2-Year Yield to 4.36% on Inflation Warning; Bitcoin Holds Near $78K
According to Reuters, Federal Reserve Chair Kevin Warsh's Aug. 28 Jackson Hole speech emphasizing persistent inflation pushed the U.S. 2-year Treasury yield to 4.36% today. Warsh highlighted that the Fed's preferred PCE inflation gauge was running at 3.7% over 12 months and 4.1% over six months,
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