Warsh at Jackson Hole: 10-Year Jumps to 4.67% on Hawkish Turn
Chairman Warsh called inflation the Fed’s ‘predominant focus’ at Jackson Hole 2026, pushing the 10-year Treasury yield to 4.67% and shrinking near-term rate-cut bets.
Chairman Warsh called inflation the Fed’s ‘predominant focus’ at Jackson Hole 2026, pushing the 10-year Treasury yield to 4.67% and shrinking near-term rate-cut bets.
The Fed targets PCE, not CPI. Here is what each measures, why they diverge, and what the July 2026 readings tell you before Jackson Hole.