Short-term bond yields rise after Fed raises rates, points to another hike this year - AOL

The Federal Reserve raised interest rates on Wednesday and signaled further increases in borrowing costs, with new Fed chief Kevin Warsh joining a unanimous decision. In Washington, Warsh said the Fed’s policy committee would “deliver price stability,” echoing the statement released with the decision. The Fed’s updated projections showed 16 of 18 policymakers expect at least one more quarter-percentage-point hike by year-end, while only two see rates staying steady. Policy projections place the rate in a 4.00%–4.25% range by the end of this year and at the same level by the end of 2027. Markets reacted with modest stock gains and mixed Treasury yields.