By Ed Ballard
Investors are digesting comments by Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.
Warsh dodged questions about whether an interest-rate hike is in the cards this month, but he said inflationary risks have eased since the last Federal Open Market Committee meeting. He took part in a panel discussion with the heads of the European Central Bank, the Bank of England and the Bank of Canada.
U.S. Treasury yields pared gains after Warsh's comments. Stocks were mixed, with the Nasdaq composite retreating after U.S. equities closed out a blockbuster quarter Tuesday.
Oil prices were slipping. President Trump has told aides that he is fine with Tehran negotiations continuing past an Aug. 18 deadline, as reported in The Wall Street Journal, 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).