Fed hawkish turn flags more hikes; BoE ahead for markets

Futures rose after the Federal Reserve hiked rates for the first time since 2023, with Chair Warsh signaling more hikes to come and inflation remaining a thorn in the side; the 2-year U.S. Treasury yield hit its highest since July 2024 as markets digest the outlook. Investors also eye the Bank of England’s rate decision, while Brent crude eased amid easing Middle East jitters and energy prices shaping policy expectations; Holtec Nuclear suspended its planned IPO.