Federal Reserve Chair Kevin Warsh’s Jackson Hole address pushed U.S. Treasury yields to their highest levels since January 2025, lifting rate-hike expectations and adding pressure to bond, currency, and equity markets worldwide.
Markets opened September cautiously as U.S.-Iran hostilities resumed in the Strait of Hormuz, where two oil tankers were attacked. The Nasdaq Composite fell 1.03 percent, the S&P 500 dropped 0.71 percent, and crude oil prices rose 0.63 percent amid supply concerns.
