Business & Finance: US Today

57.4% — the market-implied probability of a September rate hike after Fed Chair Kevin Warsh's hawkish Jackson Hole speech, a dramatic shift from the ~40% odds priced in just days ago.

Money Moves

• Fed Funds Futures: Now pricing in a 56% chance of a 25 basis-point hike at the Sept. 16 meeting, up sharply from pre-speech levels.
• 2-Year Treasury Yield: Surged to its highest level since late July as markets digested Warsh's commitment to...