Rita NazarethAug 29, 2026 – 4.02amWall Street traders sent short-term yields higher as Federal Reserve chair Kevin Warsh vowed to bring inflation to the target, boosting bets on a rate hike and stabilising longer-dated bonds.In his first major speech since taking the helm of the world’s top central bank, Warsh appeased investors urging a strong determination in dealing with price pressures after a recent bout of bond volatility. Two-year yields climbed 11 basis points to 4.34 per cent. Those on 30-year bonds barely budged. The S&P 500 erased an earlier gain as chipmakers sold off.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Two-year yields jump on Warsh’s inflation pledge
All three major US benchmarks drifted lower after Fed boss Kevin Warsh kept the door open to lifting interest rates sooner than later.
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