By Ed Ballard
U.S. stocks are slipping as investors scrutinize comments by Fed Chairman Kevin Warsh for clues about the path of interest rates.
Warsh dodged questions about whether an interest-rate hike is in the cards at the next FOMC meeting during a panel discussion with the heads of the ECB, the Bank of England and the Bank of Canada. Follow along as we cover it here.
Major indexes are in the red, with the Nasdaq composite retreating the most after U.S. stocks closed out a blockbuster quarter with a bang Wednesday. U.S. Treasury yields are ticking higher, continuing their rise from yesterday.
Oil prices are slipping. President Trump has told aides that he is OK with negotiations with Tehran continuing past an Aug. 18 deadline, my colleagues report, bolstering hopes that hostilities in the Middle East won't flare up again.
In recent trading:
Traders are on high alert for an intervention in the Japanese yen, which hit a fresh 40-year low against the dollar.
Gold crossed below $4,000 a troy ounce earlier this morning, as the prospect of Fed rate hikes continues to weigh on it.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).