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Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’WorldPing
Image via Fortune.

What happened

Hotter inflation, above $100 oil and a 10-year Treasury yield flirting with 5% have put another round of rate hikes back on the table.

Key facts

  • Hotter inflation, above $100 oil and a 10-year Treasury yield flirting with 5% have put another round of rate hikes back on the table.
  • Reported by Fortune and published Fri, 11 Sep 2026 17:14:50 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services

  2. Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’

  3. Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

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