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Fortune
Fortune
Jim Edwards

Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him’

Photo: Kevin Warsh (Credit: Photo by Win McNamee/Getty Images)

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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