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Fed Signals Rate Hike, Bonds React | Odessa News
Bond markets surged Friday as traders bet the Fed may hike rates sooner to crush inflation, fueled by Fed Chair Kevin Warsh’s hawkish speech at a major economic event. His remarks signaled the Fed is serious—even if it means short-term pain—sparking a sharp jump in two-year Treasury yields and pushing rate hike odds to nearly 60% by next month. Stocks dipped slightly but held steady, reflecting investor preference for policy clarity over volatility. Gap soared on strong earnings and leadership news, while Marvell tumbled despite beating targets, as AI chip demand faces growing doubts. Listen…
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