Fed Officials See Higher Rates as Next Move

“Federal Reserve officials hinted more strongly at the possibility that their next move will be to raise interest rates when they held them steady Wednesday—a notable shift at Kevin Warsh’s first meeting as chairman,” the Wall Street Journal reports.

“For weeks, investors had been bracing for a Fed that would keep rates higher for longer, selling off bonds and driving up long-term yields. The decision to hold rates in the current range between 3.5% and 3.75% was unanimous.”