"The Fed has signaled it does not at this stage envisage an aggressive tightening cycle," said Kay Haigh, global head of fixed income and liquidity solutions at Goldman Sachs Asset Management, referring to how the majority of FOMC members penciled in just one more rate increase this year.
"One more hike this year in December is our base case, although this remains contingent on upcoming CPI reports and the path of energy prices," Haigh said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.