Central Banks
Here’s What Wall Street Is Saying About the Fed’s Rate Hike
- ‘Bigger uncertainty for markets right now is growth’: Suzuki
- Higher dot plot is ‘pushback against’ pivot in 2023: Sosnick
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For investors trying to gauge levels of hawkishness at the Federal Reserve, Wednesday was an example of words carrying more weight than actions.
As part of its rate decision, Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to send stocks lower and lift Treasury yields higher briefly — moves the Fed itself might welcome.