Fed's Cook Signals Rate Hike Ready as Yields Hit 2007 Highs

Fed Governor Lisa Cook says she's prepared to back a rate hike over inflation, even as fresh productivity data complicates the picture. Plus, 30-year Treasury yields hit levels not seen since 2007, and Apollo's $7.7 billion EasyJet buyout heads toward a Friday deadline. In this episode: • Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation — https://www.cnbc.com/2026/08/05/fed-governor-cook-says-shes-prepared-to-act-on-rate-hike-to-address-inflation.html • US labor market stable; worker productivity accelerates in second quarter — https://news.google.com/rss/articles/CBMitAFBVV95cUxPTTJpcnp3M3Zob2xWSjlneXRmc25pWUNJZms0SWxPVzhXV1dLX1RRaFp5VHBQZTRDaFA4TGhWSE5STWx4YVBZN1dMcDlRYTNfbXhORk9PYldJaTREcWotSnkzZVAwanVEQ2V5SHdrTVRSZDgzbV9DNW5DbGhkdW8xeXhsdWM4YTQtLS1TNUxDV2dWUnQ5Vk9BaUY1eDdiSzBHc054ZTdVRXFaNW80Z01BQ1BKS3E?oc=5 • Treasury yields edge higher as traders sharpen focus on rates — https://news.google.com/rss/articles/CBMiiAFBVV95cUxPaENUZWFKOFQ2d1A3YVVqeUNCSE9DeEtFY0dlZzN6ampHRFAwWjlSRzVSNDhmdFNiWHpub1A0Z05sOC05RGNrV3hQWDZ0RGs1Ry1iTXFFZ2hSVGhrZmpRTk5kVnNrdFBsbWpxUDhhZUF1bHc1TFMzLW9XMTlUUWphU2VveUJqb0Qy0gGOAUFVX3lxTE0wX0Z2TUhCdndhT1FucHpVWjF2V29RcXk4MWFIY3lqdXZCMEdHakZod00xeDJCOGxSMVJVT0laVkI2dS0yU3JhczQ5ekNvaE5JckdXZk9lQ0lHY09tbEdKNDdkOG1OeEloS2h0c1Nzb29JeE5Dc19NSDJ4WElJMDRFeDZmejJwN25tVkw3U1E?oc=5 • Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws — https://www.cnbc.com/2026/08/06/easyjet-apollo-castlelake-private-equity-budget-airline.html