Federal Reserve Benchmark Rate Holds Steady; Potential Impact on Bond ETFs
The Federal Reserve's benchmark rate has remained in a range of 3.5% to 3.75% since December, with new Chair Kevin Warsh emphasizing inflation control as the top priority. The odds are high for another rate increase before year-end according to federal funds futures, which could impact bond ETFs differently depending on their duration and risk profile.
Topics: bond ETFs Federal Reserve interest rates Treasury bills