1436 ET - The Fed hike, despite being expected, could help stabilize bond markets, Resonate Wealth's Alex Guiliano says in a note. The move "marks a clear pivot for the Federal Reserve from talking tough on inflation to specific action." Guiliano adds that "while we would not be surprised to see one more rate hike this year, this is a Fed that doesn't like to show its cards, which may only increase the market's anticipation before each of the next several Fed meetings, leading to more stock market volatility."
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