1540 ET - Most of the Fed's easing is "in the rearview mirror" and "we are still waiting for that impact to emerge," Truist's Chip Hughey says. He expects the Fed to stay on hold for now, while one or two cuts later this year are possible. That would add up to half of a percentage point, compared to 1.75 p.p. cut between September and December. "We'll get some relief but probably not a tremendous amount of relief," he says. Hughey expects Treasury yields to remain elevated as markets fear inflation stemming from the war in Iran will keep the Fed from cutting anytime soon. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

April 16, 2026 15:40 ET (19:40 GMT)

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