Does the Market Believe Fischer's Fed Forecast?
Treasury two-year yields climbed to the highest since the Brexit vote after Federal Reserve Vice Chairman Stanley Fischer became the latest official to signal interest rates may still rise in 2016. U.S. government securities were headed for their worst month since June 2015 as Fischer indicated on Sunday that a move by year-end was still under consideration -- days after New York Fed President William Dudley said the market was underestimating the likelihood of policy tightening. Fed Chair Janet Yellen speaks Friday at the annual symposium in Jackson Hole, Wyoming. Panmure Gordon Chief Economist Simon French discusses with Bloomberg's Francine Lacqua on "The Pulse."