SHY - The End Of U.S. Rate Hikes?
By Nick Maroutsos
The Federal Reserve held its benchmark rate steady and said it would take a wait-and-see approach to future rate hikes. Co-Head of Global Bonds Nick Maroutsos believes the central bank's decision likely signals the end of the tightening cycle in the U.S.
On Wednesday, the Federal Reserve (Fed) announced that it would be holding its benchmark rate steady in the range of 2.25-2.50%. In addition, the central bank signaled that it would take a "patient" wait-and-see approach to further rate hikes in light of market volatility and cross-currents that could impact global