Saturday, August 29, 2026Latest
Fed signals possible September rate hike as Treasury seeks lower long-term yieldsMarkets edge lower as traders raise bets on a near-term rate hikeMarkets raise odds of a Fed rate hike after Warsh’s inflation warningMichigan rural townships struggle as aid bills stall in LegislatureBilly Strings begins two-day Ionia Freak Fair runFed chair signals rates may need to rise as inflation stays elevated

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Markets edge lower as traders raise bets on a near-term rate hike

A2D News Desk

U.S. stocks closed slightly lower Friday as investors increased bets that the Federal Reserve may raise interest rates soon to combat persistent inflation. The S&P 500 fell 0.2%, the Dow dipped less than 0.1% and the Nasdaq lost 0.5%.

The two-year Treasury yield rose to 4.35% from 4.22% after Fed Chairman Kevin Warsh said short-term rates remain the central tool for addressing inflation and employment. Traders put the chance of a rate increase next month at nearly 58%, up from 35% a day earlier.

The 10-year Treasury yield climbed to 4.72%, while the 30-year yield reached 5.21%. Gap shares rose 12.9% after a stronger quarterly profit report, while Marvell Technology fell 10.3% despite slightly exceeding profit and revenue expectations.

Read the full story at Daily Press.

Leave a Reply