Bonds Making It Clear the Fed Needs to Hike, Morgan Stanley’s Hornbach Says

Matt Hornbach, global head of macro strategy at Morgan Stanley, said the Federal Reserve is expected to deliver a 25 basis-point rate hike on Wednesday. Hornbach stated that while "it's certainly a possibility that the Fed is one and done but that's not what the markets are pricing in at the moment," according to Bloomberg. The Federal Reserve's rate decision was scheduled for Wednesday.

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