Treasury yields rise after Fed delivers expected rate hike
Treasury yields mostly moved higher after the Fed raised rates by a quarter of a percent, its first increase since 2023, while officials pledged to tackle inflation and most expected one more uptick this year.
Treasury yields mostly rose after the Fed delivered the expected interest-rate increase and signaled it will keep working to tackle inflation. The central bank raised rates by a quarter of a percent, the first increase since 2023. A majority of officials projected one more uptick this year. Markets were pricing in roughly 50-50 odds of another move.