Warsh's Jackson Hole Speech Jumps September Hike Odds to ~60%

Fed Chair Warsh signaled support for higher rates at Jackson Hole, citing stalled inflation progress. Traders raised September hike odds to roughly 58–60% from 35–40% (WSJ, Reuters). The dollar gained 0.6%, bond yields climbed, and equities sold off. August CPI and PPI — key inflation gauges — now determine whether those odds hold.