Fed hikes are a certainty. It’s the pace and end point that can rock markets: Rates expert

The Federal Reserve is going to raise rates, and based on the latest inflation reading this week, the central bank is likely to start its rate hike cycle in March. The Fed has telegraphed the rate hikes, but the market remains on edge because the hawkish turn from Fed Chair Jerome Powell has occurred quickly and goes beyond higher rates to an unwind of the Fed’s massive balance sheet. It’s the pace of the tightening cycle that remains an unknown, says Priya Misra, global head of rates strategy at TD Securities, and that will contribute to volatility this year.
Source: CNBC – Bonds