On today's episode of Market Brief – After Hours, Kevin Warsh’s hawkish Jackson Hole message sparks a Friday sell-off and pushes the odds of a September rate hike sharply higher. We examine the reaction across Wall Street and US Treasury yields after a volatile but ultimately positive week for the major indices.
Wheat and corn reach more than three-year highs as attacks disrupt Black Sea grain shipments, while soybeans climb to their highest level since early 2024. We also cover the dollar, plunging precious metals, renewed cryptocurrency pressure and major moves in PayPal, Nvidia, Marvell, Elastic and Gap.
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