Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him’
· Fortune
Good morning. On Fortune’s radar today:
- Apple at $5 trillion: Extremely, scarily expensive.
- Wall Street questions Warsh’s credibility after he left interest rates below the level of inflation, again.
- Traders are losing patience with the war: “Whenever reports suggest that diplomacy is working, it probably isn’t.”
- Bank of America’s “chicken little worker.”
- The White House teleprompter guy who bet on Kalshi loses his job.
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This story was originally featured on Fortune.com