Dollar Eases, Trims Post-Warsh Gains -- Market Talk

Dow Jones2026/08/31 06:18

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0618 GMT - The U.S. dollar eases, trimming gains it made Friday after Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. Warsh addressed the necessity to work more to bring inflation back to the Fed's 2% target and hinted at a possible rate hike if necessary. "Fed Chairman Kevin Warsh's Jackson Hole speech was the clear market mover," BNY's Geoff Yu says in a note. "His more hawkish tone drove the market to reprice the probability of a September hike from roughly one-in-three to greater than 50/50, and nearly one and a half cumulative hikes by year end," the senior EMEA macro strategist says. The DXY dollar index falls 0.1% to 99.622, having hit a two-week high of 99.726 on Friday. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

August 31, 2026 02:18 ET (06:18 GMT)

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Larry Holzenthaler, Senior Portfolio Manager at Catalyst Funds, stated that Waller's speech on Friday "successfully rebuilt market confidence." He gave the impression that the Federal Reserve is very focused on inflation and is committed to bringing it back to the 2% target. The market's reaction seemed entirely in line with the Fed's expectations: after Waller's speech, short-term interest rates rose while long-term rates declined slightly. Investors should clearly expect that the Fed will rai

智通财经•2026/08/31 07:07