Forex
August Sees S&P 500 & Nasdaq Surge Amid U.S. - Iran Tensions
The S&P 500 and Nasdaq surged in August, while the Dow climbed about 1.3% for the month.
However, Wall Street closed the month on a weaker note due to renewed U.S.-Iran tensions.
Fed Chairman Kevin Warsh struck a hawkish tone in his Jackson Hole speech, warning that inflation remains too elevated and indicating more work is needed from the Fed.
The implied probability of a 25-basis-point rate increase in September climbed to about 62% over the weekend.