Global equities declined and short-term Treasury yields climbed on Friday after Federal Reserve Chair Kevin Warsh signaled potential interest rate hikes. Traders increased bets for a September rate increase following his remarks at Jackson Hole.
Global equities fell during Friday afternoon's session while short-dated United States Treasury yields and the dollar climbed after Federal Reserve remarks boosted rate-hike expectations. Traders adjusted positions following a policy speech delivered in Japan by Fed Chair Kevin Warsh.
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