S&P 500 slips as Treasury yields rebound after Fed delivers hawkish pause
The Federal Reserve kept rates steady on Wednesday, and kept its forecast for one more rate hike this year, but signaled a higher-for-longer rate regime by reining in the number of rate cuts for next year.
"The bottom-line is that the Fed is embracing the 'higher for longer' approach to getting inflation down to target," Jefferies said in a note.Treasury yields including the
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