Lates News

Seema Shah, chief global strategist at U.S. asset manager Principal Asset Management, believes that "the market debate has now shifted from whether rates will rise again to how many more hikes lie ahead. The unanimous vote (at this Fed decision) shows that rising energy prices and stubborn inflation have brought even the doves on board, making a 'one-and-done' outcome highly unlikely." She added that given the market has already priced in multiple hikes, policymakers may need to raise rates at least once more to preserve credibility.