Federated Hermes: focus on how many more Fed hikes
As Fed Chairman Kevin Warsh begins the post-meeting press conference, investors are seeking clues on the pace of further rate hikes; Treasury yields have moved sharply higher as investors repriced inflation risk.
The market had anticipated today’s rate hike. As Fed Chairman Kevin Warsh begins his post-meeting press conference, investors will be looking for clues on how many more increases are coming. Treasury yields have already moved sharply higher as investors repriced inflation risk and higher-for-longer rates.