Increased probability of unchanged interest rates in September reduces the likelihood of near-term rate cuts that could support equity valuations
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"That same discount would also put upside pressure under the price when bond demand rises, as I expect to happen—especially when rates move lower."
"Chairman Kevin Warsh's commentary and a broadly benign inflation report on Thursday led investors to price in a 33% chance that rates will remain unchanged in September— up from about 18% last week, according to CME's FedWatch tool."
"Chairman Kevin Warsh's commentary and a broadly benign inflation report on Thursday left investors pricing in a 36.8% chance that interest rates could be left unchanged in September, up from about 20% last week."