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2026-09-17 13:08:10
[Impax: Fed's Unanimous Rate Hike Eliminates Credibility Concerns; Another Rate Hike This Year Expected to Be Well-Received by the Market] (1) Ross Pamphilon of Impax Asset Management stated in a report that it was important to see a united Fed after the Fed unanimously voted to raise interest rates on Wednesday, which eliminated any potential market concerns about the Fed's credibility. (2) The chief investment officer of fixed income said, "Initially, we expect another rate hike later this year to be well-received by the market." (3) He said that given the US Treasury market has already priced in tighter monetary conditions, this can be seen as a rate hike for credibility, and the Fed has passed the test with excellent results.
