News Summary

• Microsoft on the rise after topping earnings estimates.
• Meta falls 5% after-hours following earnings miss.
• Bitcoin gives up its gains, now down 0.5% to $63,500.
• Ten-year Treasury yield jumps 5.5 basis points to 4.66%, while two-year yield slides six basis points.
• Fed Chairman Kevin Warsh opened his post-meeting press conference with a hawkish tone.
• There is no soft inflation target, said Warsh, reiterating his view that any print above 2% is unacceptable.