According to CoinMeta, and as reported by Reuters, Federal Reserve Chairman Kevin Warsh stated in a speech on August 28 that if policymakers are not confident that inflation will return to the 2% target, the Federal Reserve "has work to do." Short-term Treasury bonds fell due to expectations of an interest rate hike next month, with the yield on 2-year Treasury bonds rising by 6.6 basis points to 4.29%, the highest level in a month. The market indicates a 46% probability of an interest rate hike next month, up from 35% on Thursday.