1408 ET - Treasury yields edge higher as the Fed raises interest rates for the first time since 2023 and sends hawkish signals. The central bank hikes by a quarter of a percent, as widely expected, indicating it is willing to battle sticky inflation. "The Committee will deliver price stability," policymakers say in the post-meeting statement. Chairman Warsh's Q&A will be key for markets to gauge his commitment to cooling price increases. The 10-year rises to 4.955% from 4.945% ahead of the rate announcement, while the two-year increases to 4.646% from 4.606%.
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