Warsh Puts Rate Hikes Back In Play

Kevin Warsh has used his first Jackson Hole address as Fed Chair to put the fight against inflation firmly back at the centre of monetary policy, raising expectations that another rate hike could come as soon as September. Meanwhile, renewed US-Iran tensions are pushing energy prices higher, Treasury yields remain elevated and the Japanese yen is once again under pressure. With US equities coming off a strong August, can markets continue climbing as investors confront the prospect of higher-for-longer interest rates?See omnystudio.com/listener for privacy information.