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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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