Federal Reserve Chair Kevin Warsh struck a hawkish tone at the Jackson Hole Economic Symposium, reaffirming price stability as the top priority and leaving the door open to further rate increases if underlying inflation is not clearly declining toward the 2% target at a sufficient pace. Market-implied odds of at least a 25-basis-point hike at the September 15–16 FOMC meeting rose to roughly 57.5% from about 35% the prior day. Treasury yields increased, U.S. stocks closed lower with semiconductors leading the selloff, Bitcoin and XRP declined, gold fell about 3%, and the Canadian dollar weakened despite stronger-than-expected Canadian growth. Investors now await August employment and inflation data.