Possibly more than just once or twice! The Fed's hawkish tone resurfaces, and Wall Street braces for more rate hikes.

Zhito Finance APP has learned that Wall Street is looking for clues in the Federal Reserve's rhetoric to prepare for more possible rate hikes this year. The Federal Reserve unanimously voted last week to raise the target range for the federal funds rate by 25 basis points to 3.75%-4% to curb inflation. This was the Federal Reserve's first rate hike since July 2023. At the same time, the latest dot plot shows that the Federal Reserve's policy path is shifting toward "higher for longer" - the median forecast for the federal funds rate by the end of 2026 has risen to 4.1%, and most officials support at least one more rate hike within the year.