The two-year Treasury yield jumped Wednesday afternoon after the Federal Reserve officials indicated more interest rate hikes are on the way this year even as they voted for no rate increase in June.
What’s happening
What’s driving markets
Projections released on Wednesday showed that the median estimate of policy makers for the fed funds rate by year-end is 5.6%, exceeding most expectations. Fed officials lifted their expectations for the so-called 2023 median dot plot forecast rate even though they left…
