Fed Rate Hike Priced In, Markets Await Future Hints

The Federal Reserve's 25-basis-point rate hike on Wednesday is largely priced into markets, with investors focusing on Chairman Kevin Warsh's signals for future moves. Helaba Invest's Jens Bies expects no explicit forward guidance, but notes that in the absence of hawkish signals, some rate hikes could be priced out, allowing US Treasurys to recover from elevated yield levels.