Dave & Buster's

Warsh's case for letting long yields tighten collides with an 87% priced hike

Futures and swaps put Wednesday's quarter-point FOMC move at 87% after hot August data, while the chairman has argued that higher long-term yields, not the funds rate, are the route back to 2% inflation. Wells Fargo says the data clears the bar he set at Jackson Hole.