Markets brace for volatility as rate-hike odds swing The US Federal Reserve has spent months trying to convince markets it means what it says. That effort appears to be paying off. But the payoff comes with a catch: investors now believe the Fed policy statement, and what it signals has left Wall Street uneasy. The central bank held interest rates steady at its most recent meeting, keeping the target range at 3.50% to 3.75%. On paper, that looks like a pause. In practice, traders read it as a hawkish hold,…
Read MoreFed Builds Credibility, But Hawkish Turn Leaves Investors on Edge
