Fed meeting signals limited need for further hikes — market talk
Robert Sockin (PGIM) says the Fed’s latest meeting signals it would take “not much” to push to three hikes, potentially more. He adds the Fed was hawkish and signaled one additional rate hike this year.
S. economist at PGIM. Sockin described the move as a hawkish hike and said the Fed signaled one additional rate hike this year. Eight out of 18 Fed officials who submitted projections were in favor of the higher path.