Kevin Warsh's hawkish Jackson Hole debut pushed Fed rate hike odds toward 59% for September, weakening Brazil's real and lifting long rates.

Federal Reserve Chair Kevin Warshs first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will…

Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.