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2026-09-16 19:42:10
[JPMorgan Asset Management: If the Fed holds rates steady on Wednesday, it could surprise the market and trigger a sell-off in US Treasuries] (1) Iain Stealey, Chief Investment Officer of Fixed Income International at JPMorgan Asset Management, said that if the Fed decides to keep interest rates unchanged on Wednesday, it could surprise the market. (2) Traders are almost certain that the Fed will raise rates, so holding rates steady could trigger a sell-off in US Treasuries. (3) Stealey said in an interview on Wednesday: "If they don't raise rates, it will obviously have a huge impact on the market, and I think the long end of the yield curve will definitely not like that outcome." (4) The swap market currently shows a 95% probability of the Fed raising rates on Wednesday and has already factored in the expectation of a second rate hike before the end of the year.
