Treasury yields edge higher after Fed’s first 2023+ hike
U.S. Treasury yields rose slightly after the Fed raised rates for the first time since 2023 and signaled a hawkish stance to fight sticky inflation.
1408 ET - Treasury yields edge higher after the Fed raises interest rates for the first time since 2023 and signals a hawkish stance. The central bank lifts rates by a quarter of a percent, as widely expected, saying it is prepared to fight sticky inflation. "The Committee will deliver price stability," the Fed said.