The Federal Reserve held interest rates steady, signaling potential future hikes due to persistent inflation concerns. Policymakers' updated projections now show fewer rate cuts expected next year, reflecting a hawkish shift. Markets reacted cautiously, with equities dipping and Treasury yields rising as investors anticipate prolonged higher rates.
The Federal Reserve held interest rates steady, signaling potential future hikes due to persistent inflation concerns. Policymakers' updated projections now show fewer rate cuts expected next year, reflecting a hawkish shift. Markets reacted cautiously, with equities dipping and Treasury yields rising as investors anticipate prolonged higher rates.
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