The Federal Reserve made clear it sees a near perfect environment to keep raising interest rates and that it was undeterred by recent market volatility.
Strategists viewed the Fed’s post-meeting statement Thursday as slightly hawkish, which means in favor of higher rates. Treasury yields were slightly firmer. The 2-year Treasury note, which most reflects Fed policy, rose slightly, briefly touching a new decade high of 2.97 percent. Stocks waffled after the Fed statement and then moved lower.
“[Fed officials] seem pretty content. No big changes. It’s just more evidence that rates are going up,” said Michael Schumacher, director rates strategy at Wells Fargo.